3000 The market is on the brink of collapse. Is it a warning sign or an opportunity to make money? After reading this, you'll understand how to operate better than 90% of retail investors!
As a veteran who has been monitoring the market for 5 years, today I must dissect the underlying logic of this 'giant whale bloodbath drama'. No nonsense, all valuable information, and I'll teach you how to avoid the pitfalls that retail investors are bound to step on!
First, let's talk about this giant whale's 'confusing behavior award': At the beginning of November, when the market was shouting 'ETH to 4000', this guy went all in at a high of 3452 with nearly 5000 ETH, probably got carried away by market sentiment; as a result, after 12 days of turbulence, he ended up cutting losses at 3087, losing 365 dollars per coin, with total losses approaching 1.8 million dollars! I have to say this operation: Can a giant whale escape the fate of 'chasing highs'? If retail investors follow the sentiment, isn’t that just giving away money!
The key point is coming! A 'strange signal' has appeared in the market: MACD has just barely formed a golden cross below the zero axis, and technically it looks like it is about to rebound, but suddenly the whale dumps negative news, causing a direct 'fight' at the 3000 level! This is the time that tests your mentality; don't make blind moves, let me break down the key levels for you:
The upper resistance levels are like 'two great mountains': 3260 is the recent 'roadblock', last time it hit this level, it was directly pushed back down, trapping a lot of positions; 3350 is even more of a 'hard nut to crack', it can't be broken without sufficient volume. Watch the lower support levels closely: 3000 is a psychological level for retail investors, breaking it could easily trigger panic selling; 2850 is the 'ultimate defense line', having held up against pressure three times since the end of last year. If it breaks, caution is required, but it might also be a great opportunity to add to positions!
Here, I must emphasize a point that 90% of retail investors overlook: any rebound without volume is just a 'paper tiger'! It's like a car without fuel; it looks ready to run, but it only goes a couple of steps before it breaks down. A real effective breakout must satisfy a volume increase of over 30% compared to the previous hour; otherwise, it's all a false breakout. Don't let the main players fool you into losing your chips!
Let's talk about my exclusive viewpoint: I am bullish in the medium term, but in the short term, we have to 'endure the fluctuations'!
I dare say: the overall trend of ETH is not bad, and the medium term remains bullish! The 1.8 million dollar sell-off by the whale looks frightening, but it's most likely a 'washout performance': for the whale, 1.8 million dollars might just be pocket money, but when retail investors see the 'bloodbath', they panic and sell, perfectly creating a buying opportunity for smart money!
Today, keep an eye on two points: if we hold the 3000 support, we will likely test the 3150-3200 range. Whether we can break through 3260 depends on whether the volume is strong enough; if we fall below 3000, don't panic, first look at the 2900-2850 support. This position might actually be a good spot to add to positions with a small amount!
Finally, I have a question for everyone: do you think the 3000 level can hold? Are you preparing to take advantage of the opportunity to add positions, or are you mainly observing? Let me know your trading plan in the comments! Follow me,
