The US will roll out “unprecedented” economic sanctions against Iran, boldly holding short positions! 8.17 Big Pie, Madang’s ideas
The Trump administration is preparing to launch a new round of economic blows against Iran. Last week, Trump said the US would take harsher economic measures against Iran. The US Treasury Secretary also said the fastest the US could roll out measures targeting Iran this week, with the force being “unprecedented.” But with the naval blockade, energy sanctions, and financial restrictions already in place, where else can they continue to apply pressure? Obviously, they can’t get on the same page at all—just hold your short positions patiently! If you didn’t get on the train, keep waiting and setting traps for a rebound to drop!
From the daily chart, the Bollinger Bands have widened again. After a small bounce, price continues to favor the bears. Although it closes as a doji, the bounce strength is getting weaker. The KDJ three lines are still in a dead cross and continue to diverge downward. The MACD double lines also keep heading lower, so we can maintain the plan of shorting the rebound!
8.17 short-position ideas:
For Big Pie, continue short on the rebound at 63,500–64,000. For more conservative traders, enter short at 64,500–65,000. Place defense around 66,000. Targets: 63,000–62,500–62,000. If it breaks down, watch around 61,500–61,000. Continue to move stop-loss and take profit according to the situation!
For Ether, continue short on the rebound at 1,890–1,920. For more conservative traders, enter short at 1,940–1,970. Place defense around 2,000. Targets: 1,850–1,820. If it breaks down, watch around 1,800–1,770–1,750. Continue to move stop-loss and take profit according to the situation!
8.17 long-position ideas
For Big Pie, buy one lot on the pullback at 60,000–60,500. Place defense at 69,500. Targets: around 61,500–62,000. If it breaks out, watch around 63,000–63,500. Continue to move stop-loss and take profit according to the situation!
For Ether, buy one lot on the pullback at 1,750–1,780. Place defense around 1,720. Targets: around 1,800–1,830–1,850. If it breaks out, watch around 1,870–1,890–1,910. Continue to move stop-loss and take profit according to the situation!
Overall the trend is bearish. In addition, last week’s spot ETF fund outflows have continued, so there’s no reason to keep expecting prices to rise. The shorts will definitely break through—although the downside looks unusually strong right now, fund outflows generally trigger chain reactions. Plus, the crypto price just doesn’t have much of a rally going on, so capital will inevitably rotate to seek higher profits. Big opportunities in the second half of the year are about to start—open a few spots for long-term strategies! #SpaceX股价涨至140美元
The Trump administration is preparing to launch a new round of economic blows against Iran. Last week, Trump said the US would take harsher economic measures against Iran. The US Treasury Secretary also said the fastest the US could roll out measures targeting Iran this week, with the force being “unprecedented.” But with the naval blockade, energy sanctions, and financial restrictions already in place, where else can they continue to apply pressure? Obviously, they can’t get on the same page at all—just hold your short positions patiently! If you didn’t get on the train, keep waiting and setting traps for a rebound to drop!
From the daily chart, the Bollinger Bands have widened again. After a small bounce, price continues to favor the bears. Although it closes as a doji, the bounce strength is getting weaker. The KDJ three lines are still in a dead cross and continue to diverge downward. The MACD double lines also keep heading lower, so we can maintain the plan of shorting the rebound!
8.17 short-position ideas:
For Big Pie, continue short on the rebound at 63,500–64,000. For more conservative traders, enter short at 64,500–65,000. Place defense around 66,000. Targets: 63,000–62,500–62,000. If it breaks down, watch around 61,500–61,000. Continue to move stop-loss and take profit according to the situation!
For Ether, continue short on the rebound at 1,890–1,920. For more conservative traders, enter short at 1,940–1,970. Place defense around 2,000. Targets: 1,850–1,820. If it breaks down, watch around 1,800–1,770–1,750. Continue to move stop-loss and take profit according to the situation!
8.17 long-position ideas
For Big Pie, buy one lot on the pullback at 60,000–60,500. Place defense at 69,500. Targets: around 61,500–62,000. If it breaks out, watch around 63,000–63,500. Continue to move stop-loss and take profit according to the situation!
For Ether, buy one lot on the pullback at 1,750–1,780. Place defense around 1,720. Targets: around 1,800–1,830–1,850. If it breaks out, watch around 1,870–1,890–1,910. Continue to move stop-loss and take profit according to the situation!
Overall the trend is bearish. In addition, last week’s spot ETF fund outflows have continued, so there’s no reason to keep expecting prices to rise. The shorts will definitely break through—although the downside looks unusually strong right now, fund outflows generally trigger chain reactions. Plus, the crypto price just doesn’t have much of a rally going on, so capital will inevitably rotate to seek higher profits. Big opportunities in the second half of the year are about to start—open a few spots for long-term strategies! #SpaceX股价涨至140美元
