ETH current price 1,713.5, 1H ADX has reached 50.5, which is a signal of a very strong trend. Entry reasons are clear: price retraced and then reclaimed EMA14 (1,700), 30M RSI 61.2, not high nor low, room to move; 30M MACD bearish momentum slowing, green bars shortening; 1H closed firmly above the moving average; key: volume cooperation, the 4-hour candle at 01:00 was a volume-driven upward move, then consolidated in the 1,700-1,715 range, now retesting upward. The plan is simple: stop loss at 1,700 (below EMA, exit if broken), first target 1,745, second target 1,760. The position sizing for this trade is okay, it's a trial position; if wrong, cut loss, don't hold. Why hasn't BTC moved? BTC's Bollinger Bandwidth has shrunk to 0.7%, ADX is only 14.7, typical consolidation and accumulation. Although extreme narrowing means a direction selection is imminent, ADX hasn't picked up, the trend isn't confirmed; entering now is just gambling. Wait for the direction to emerge before acting. To be honest: today's data combination is quite interesting — Fear & Greed 21 (extreme fear), BTC Bollinger Bands narrowed to the extreme, ETH ADX surged to 50. The whole market is waiting for a breakout, but ETH's trend signal has already emerged first. When there's no signal, stay in cash and wait; when there is a signal, follow the plan. If the direction is right, hold; if wrong, cut loss; don't overthink.

ETH5.38%
BTC1.25%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned