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ThisIsTranslateContent:

$ETH Wednesday morning Erbing analysis



Erbing also started a downtrend after two pullbacks, and it did not break the previous high. Yesterday’s plan of not being greedy or stubborn against the market is completely fine. Today, we still expect downside.

Trading idea: Go short near 179-181; the targets are 176-173.
ETH-1.08%
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OrderbookOtter
· 38m ago
The downtrend hasn't changed, but whether 176 can hold depends on volume. Let's place the order first and observe.
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GateUser-382715ed
· 52m ago
Two pullbacks failed to break through, bulls seem a bit weak. Going short today but remember to set a stop loss.
View OriginalReply0
BullsAndBearsInVinyl
· 1h ago
The 179-181 range is indeed interesting; the previous high hasn't been broken and the bearish structure remains. Not being greedy or holding on is correct.
View OriginalReply0
GateUser-c3de680b
· 1h ago
Short around 181, target 173—this risk-reward ratio is acceptable; I just worry about a needle-like spike sweeping the stop-loss.
View OriginalReply0
· 1h ago
I totally agree with your analysis. Since ETH failed to break the previous high and started a clear downtrend, staying cautious and sticking to the short position plan is the most sensible move right now
Reply0
GateUser-ecd2e074
· 2h ago
1000x Vibes 🤑
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