$ETH Can you still mindlessly charge into this spot?!!!
ETH is at 2505, and has it already tried to break through three times in a row?
Each time it gets slapped back down—the bulls’ necks are about to get snapped by the door.
On a daily timeframe, this multi-top M formation is so ugly I almost can’t bring myself to look.
The candlestick language has already told you:
The overhead pressure is like a mountain, and the air force is assembling.
As long as 2505 can’t be pushed through, this is the short opportunity heaven is handing you on a plate!
Right now, the focus is at 2440—the support/resistance flip area.
Below is all a dense zone of positions; once a bearish engulfing (long-bodied) candle smashes through...
Sorry, bulls—queue up to jump off the building.
Down below is a vacuum zone—you can directly see 2380!
So how do you play it?
Left-side conservative camp: wait for a rebound to around 2500, then take a light position short
Right-side aggressive camp: keep your hands in check, wait for the 2440 level’s long-bodied candle to break, then chase in,
$BTC $SNDK
ETH is at 2505, and has it already tried to break through three times in a row?
Each time it gets slapped back down—the bulls’ necks are about to get snapped by the door.
On a daily timeframe, this multi-top M formation is so ugly I almost can’t bring myself to look.
The candlestick language has already told you:
The overhead pressure is like a mountain, and the air force is assembling.
As long as 2505 can’t be pushed through, this is the short opportunity heaven is handing you on a plate!
Right now, the focus is at 2440—the support/resistance flip area.
Below is all a dense zone of positions; once a bearish engulfing (long-bodied) candle smashes through...
Sorry, bulls—queue up to jump off the building.
Down below is a vacuum zone—you can directly see 2380!
So how do you play it?
Left-side conservative camp: wait for a rebound to around 2500, then take a light position short
Right-side aggressive camp: keep your hands in check, wait for the 2440 level’s long-bodied candle to break, then chase in,
$BTC $SNDK
