$ETH This afternoon, ETH moved from 2505 up to 2529, then dropped back to 2509.
The levels I gave earlier: short on a rebound into 2515–2522 resistance, with a stop-loss at 2532.
The high was 2529.57. The stop-loss wasn’t hit, and price came straight back down.
The short from 2522 was closed for profit near 2500—20 points banked.
Nothing to get excited about; just following the chart.
EMA60 was capping price at 2522. That wasn’t a coincidence—the moving average was right there.
In a range-bound market, the two biggest mistakes are chasing rallies and refusing to cut losses.
Today, both those who chased longs and those who stubbornly held shorts got a lesson.
Next, we’ll keep an eye on the 2500–2522 range. We’ll see what happens if it breaks.
#ETH futures
The levels I gave earlier: short on a rebound into 2515–2522 resistance, with a stop-loss at 2532.
The high was 2529.57. The stop-loss wasn’t hit, and price came straight back down.
The short from 2522 was closed for profit near 2500—20 points banked.
Nothing to get excited about; just following the chart.
EMA60 was capping price at 2522. That wasn’t a coincidence—the moving average was right there.
In a range-bound market, the two biggest mistakes are chasing rallies and refusing to cut losses.
Today, both those who chased longs and those who stubbornly held shorts got a lesson.
Next, we’ll keep an eye on the 2500–2522 range. We’ll see what happens if it breaks.
#ETH futures