Post

A large number of long positions in Ether were accumulated during the Asian session today, but interestingly, trading volume was substantial while the price failed to make a new high and stalled. It could very well go into free fall tonight. Profit-taking positions have yet to be sold, but there are signs that nobody is buying, so everyone should be a little cautious. At this level, you can open a small short position with 30x leverage and a position size of 6%, with a stop-loss at 2440. A bubble can last a long time, but it takes only one pinprick to burst it. That pinprick could be a large investor selling, or simply nobody buying

View Original
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
ETHETH-1.23%


Add a comment
Add a comment

Comment
GateUser-b80bafae
a few seconds ago
Strong upside momentum; at most, it dips to 2390
Then continues rising.
0View Original
NaiLongTraderX
4 minutes ago
Ah
0View Original
RainbornHundredValleys
9 minutes ago
When will the livestream start?🤧
0View Original
HelloAn
an hour ago
I wouldn't dare; it's too powerful
0View Original
UchihaUltraShort
an hour ago
Author
Two doji candles in 8 hours—very dangerous. In previous bull markets, 8-hour candles never closed as dojis, especially not two in a row
0View Original
YaKei
an hour ago
I won't turn bearish unless it breaks below 2390!
0View Original
UchihaUltraShort
an hour ago
Author
No one is buying. Trading volume is substantial, but the price isn't making new highs and the rally is showing signs of exhaustion. The biggest warning sign in the bubble phase isn't that there are too many short sellers, but that no one is buying. Profit-takers are about to sell and could dump at any moment
0View Original
UchihaUltraShort
an hour ago
AuthorFirst Review
At present, it appears to meet all the conditions for shorting
0View Original