8.19 Strategy for the second coin: sell short near 1915-1925, stop loss at 1935. First target 1900, second target 1890
ETH current price is 1912. Price has returned above 1910, but it still hasn’t broken out of the range-bound consolidation area. For days now, it has been oscillating around 1900—sellers haven’t let go, and buyers haven’t managed to take over. From the hourly chart, there is clear resistance in the 1925-1935 area; when the rebound reaches that zone, it stalls. The strength of the bulls is weakening more and more each time.
In this kind of choppy tug-of-war market, discipline is what’s most tested. The direction hasn’t changed—keep trading with the trend, and don’t let repeated stop-outs from the whipsaws wash away your judgment. You’re already very close to the upper resistance now, so wait until the rebound reaches the level to enter.
For short-term attention:
Upper sell pressure: 1920-1925
Stop loss: 1935
Lower first stop: 1900
Second stop: 1890
In terms of execution: enter short in batches within the 1915-1925 range. Place the stop loss at 1935, and keep the position size evenly distributed. When the first target at 1900 is reached, reduce position first; keep the remaining position with an eye on the 1890 area. This trade doesn’t offer a huge room, but it’s about eating the certainty—don’t be greedy. If it hits the levels, exit.
A grindy market rewards patience. Keep your hands in check and follow the plan. #ETH $ETH
ETH current price is 1912. Price has returned above 1910, but it still hasn’t broken out of the range-bound consolidation area. For days now, it has been oscillating around 1900—sellers haven’t let go, and buyers haven’t managed to take over. From the hourly chart, there is clear resistance in the 1925-1935 area; when the rebound reaches that zone, it stalls. The strength of the bulls is weakening more and more each time.
In this kind of choppy tug-of-war market, discipline is what’s most tested. The direction hasn’t changed—keep trading with the trend, and don’t let repeated stop-outs from the whipsaws wash away your judgment. You’re already very close to the upper resistance now, so wait until the rebound reaches the level to enter.
For short-term attention:
Upper sell pressure: 1920-1925
Stop loss: 1935
Lower first stop: 1900
Second stop: 1890
In terms of execution: enter short in batches within the 1915-1925 range. Place the stop loss at 1935, and keep the position size evenly distributed. When the first target at 1900 is reached, reduce position first; keep the remaining position with an eye on the 1890 area. This trade doesn’t offer a huge room, but it’s about eating the certainty—don’t be greedy. If it hits the levels, exit.
A grindy market rewards patience. Keep your hands in check and follow the plan. #ETH $ETH