On the daily chart of Ethereum, the price is stuck around the 3180 level, and the candlestick has not yet broken below this point. But given today's momentum, my advice is to hold off on rushing in.
Why do I say that? Yesterday's shakeout was really fierce, sweeping up a large amount of liquidity in one go. Plus, traders are now more savvy and won't rush blindly—they're waiting for a clear directional signal. Entering the market at this moment to gamble on the trend? That’s a classic rookie move.
The direction of Bitcoin and Ethereum needs time to confirm. Instead of jumping in recklessly, it's better to stick to two key levels: once the support level is broken, there’s a chance for a rebound and shorting; if the resistance level is broken, then wait for a pullback to go long. This is the essence of trend trading—go with the flow, don’t fight against the trend.
Right now, the biggest test is your mindset. Good opportunities will come, but impulsive trades are often the ones that lead to the biggest losses.
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SchrödingersNode
· 22h ago
That wave yesterday really cut some positions. Entering now is just giving away your assets; better wait for a signal.
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MoneyBurner
· 22h ago
The 3180 line is indeed fierce, but I still want to bet on it breaking. Yesterday's wave was really intense, but the more it washes out, the more I want to buy the dip. That's just my problem.
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LiquidityWitch
· 23h ago
That wave of shakeout yesterday was really intense. I saw a bunch of people get cut, and those still daring to jump in now are really tough.
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VibesOverCharts
· 23h ago
That wave of shakeout yesterday was really intense. Anyone still rushing in now is truly a rookie.
On the daily chart of Ethereum, the price is stuck around the 3180 level, and the candlestick has not yet broken below this point. But given today's momentum, my advice is to hold off on rushing in.
Why do I say that? Yesterday's shakeout was really fierce, sweeping up a large amount of liquidity in one go. Plus, traders are now more savvy and won't rush blindly—they're waiting for a clear directional signal. Entering the market at this moment to gamble on the trend? That’s a classic rookie move.
The direction of Bitcoin and Ethereum needs time to confirm. Instead of jumping in recklessly, it's better to stick to two key levels: once the support level is broken, there’s a chance for a rebound and shorting; if the resistance level is broken, then wait for a pullback to go long. This is the essence of trend trading—go with the flow, don’t fight against the trend.
Right now, the biggest test is your mindset. Good opportunities will come, but impulsive trades are often the ones that lead to the biggest losses.