$ETH
As expected waterfall! Long orders in profit by about 100 points
As expected waterfall! Long orders in profit by about 100 points
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逍遥在带单
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Bearish$ETH The market is tanking like this, what should those without a short position do?
Let's first check out the charts: looking at the daily candles, the bears are still in control.
KDJ is crossing down and continuing to move lower, while the MACD's DIF and DEA are also turning down below water. Volume has been shrinking, indicating that not many folks are willing to take the bait. BOLL is also showing a downward oscillation, overall there’s no reversal signal in sight.
On the moving averages front, MA5 is pressing down along with the other lines, and the speed of the downward move is accelerating, so in the short term, we’re likely to probe lower again. The first key support zone is still around 1550~1480.
Looking at the 12-hour level, KDJ, MACD, and BOLL are all resonating downwards, and MA5 and MA10 are continuing to apply pressure. The TD sequence is currently at red 6, suggesting that the decline has not yet exhausted its time and space.
So the intraday strategy remains unchanged, still looking bearish to short. The first short-term support is around 1550~1480; if this level can't hold, we might be heading towards the 1170~1000 deeper support zone.
Overall, the bearish sentiment is still brewing, so don't rush to catch the falling knife; be patient and wait for the right levels.
Trading strategy: Market price 1620 to enter short, stop loss at 1675, targets at 1570-1510-1480
Let's first check out the charts: looking at the daily candles, the bears are still in control.
KDJ is crossing down and continuing to move lower, while the MACD's DIF and DEA are also turning down below water. Volume has been shrinking, indicating that not many folks are willing to take the bait. BOLL is also showing a downward oscillation, overall there’s no reversal signal in sight.
On the moving averages front, MA5 is pressing down along with the other lines, and the speed of the downward move is accelerating, so in the short term, we’re likely to probe lower again. The first key support zone is still around 1550~1480.
Looking at the 12-hour level, KDJ, MACD, and BOLL are all resonating downwards, and MA5 and MA10 are continuing to apply pressure. The TD sequence is currently at red 6, suggesting that the decline has not yet exhausted its time and space.
So the intraday strategy remains unchanged, still looking bearish to short. The first short-term support is around 1550~1480; if this level can't hold, we might be heading towards the 1170~1000 deeper support zone.
Overall, the bearish sentiment is still brewing, so don't rush to catch the falling knife; be patient and wait for the right levels.
Trading strategy: Market price 1620 to enter short, stop loss at 1675, targets at 1570-1510-1480