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$ETH The night before a plunge! Whales are using news of bottom-fishing to manipulate and trap retail investors, don’t be the one to take the bait!
Old Zhang has been shouting about the trap for two days, and today he continues!
Don’t just look at the news shouting “bottom-fishing,” the main force’s sickle is hidden in your liquidation orders.
ETH is now a “bull trap.” On the 1-hour chart, there are over 30k ETH sell orders around 1785–1790, with only a few buy orders at 1750 below, and nothing in between — once the price drops, it will leak.
Even more deadly is the liquidation map: below, in the 1710–1740 range, 62k long positions are waiting to be liquidated; above, only 21k short positions at 1820–1850. This means that as soon as the main force lightly presses down, the bulls’ bodies can push ETH to 1700.
Look at today’s news again: “Whale borrows 10 million to buy 5589 ETH,” “New stock god calls for bottom at 1750,” and that big sucker with a floating loss of 58 million, liquidation price at 1506 — all obvious traps waiting for retail to rush in and buy.
Old Zhang’s trading strategy:
Mainly do trap: enter around 1785–1795, buy the trap on rallies!
Want to do short: unless the price stabilizes above 1820, don’t touch.
Want to catch the reversal signals early? Old Zhang’s village has already experienced two trap waves.
Follow Old Zhang to see through the K-line fog! $BTC $ETH