Why is it not advisable to rush into shorting now? Let me analyze the market pattern.



Looking at ETH's 1-hour chart, the price just stabilized around 3200 and is still accelerating near 3288—this breakout bullish candle is a signal. After breaking through a key resistance, it’s normal to see an inertial surge higher. 3288 is far from the ceiling; the real resistance zone is between 3350 and 3400.

SOL's performance is even more extreme. A perfect 45-degree ascending channel, with the green Range Filter support line tightly holding the price at 137. There’s a major taboo in shorting here: never short an asset that hasn't broken its moving average and trendline. SOL hasn't even formed a decent bearish candle yet. Are you really going to short now? That’s like betting on a sudden crash in the next second—such a probability is ridiculously low.

The key background is Bitcoin. BTC is consolidating near its all-time high around 94,000, with no signs of large funds withdrawing. As long as Bitcoin remains stable, short positions on altcoins like SOL and SUI could be wiped out by a quick 5% rally. That’s the current market logic—since the trend hasn't reversed, shorting is just gambling.
BTC-0,59%
ETH-1,16%
SOL-3,31%
SUI-1,42%
View Original
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
  • 9
  • Repost
  • Share
Comment
0/400
CounterIndicatorvip
· 13h ago
Hmm... You're trying to talk me out of shorting again. I've heard this argument a hundred times already.
View OriginalReply0
MidnightTradervip
· 01-07 11:37
Really, just look at SOL's trend—don't rush to short. A 5% surge can directly wipe you out and crush your confidence.
View OriginalReply0
CoffeeNFTradervip
· 01-06 16:09
Haha, this wave is indeed easy to get trapped, I've seen too many liquidations.
View OriginalReply0
CountdownToBrokevip
· 01-06 16:08
Hey, you're trying to talk me out of shorting again. Is that true... Wait, SOL hasn't even formed a downward candle? Is it that strong?
View OriginalReply0
FastLeavervip
· 01-06 16:02
Wow, now shorting SOL is really like giving away money. The trend line hasn't even been broken, and you're still daring to go against the trend?
View OriginalReply0
AlwaysMissingTopsvip
· 01-06 15:43
Haha, it's the usual trick again. Once the 94,000 sell-off happens, the story begins.
View OriginalReply0
SchrodingerWalletvip
· 01-06 15:42
Damn, I really have to hold back this time. Just a 5% surge in BTC can blow people away.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)