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If Erbing is this weak, why not trade Erbing—how else would you pick up money?
$ETH 2230-2250 is the intraday selling pressure zone. If it bounces up, that’s a golden opportunity to do a quick scalp!
Last night Erbing surged to 2274 and then started dropping. It’s been hovering around 2175 now.
The daily chart still looks okay, but the 4-hour and 1-hour have already shown clear pullback signals. The 1-hour data shows that both the dip buyers and the hedgers are in net outflows, so the scalpers are temporarily in control.
But on the other hand, there’s a big player’s wallet, “Maji Gege,” that keeps adding small-lot long positions in the 2166-2169 range. When the price rebounds to the resistance zone, it’s a direct chance to scalp.