$ETH Can it still be shorted now? 🤔
After ETH dropped to around 2400, there was a clear sign of support and absorption. In the short term, it looks like it’s trying to form a bottom, but every rebound keeps failing to break through 2600.
At this point, going short feels risky because it might not drop further, and going long feels risky because it could easily spike and then pull back. After a big surge the other day, I’ve actually become even more hesitant to open positions at random 😂
So I’ll wait first. If there’s no clear edge, I won’t act—I'll wait until the direction is confirmed before getting on board.
After ETH dropped to around 2400, there was a clear sign of support and absorption. In the short term, it looks like it’s trying to form a bottom, but every rebound keeps failing to break through 2600.
At this point, going short feels risky because it might not drop further, and going long feels risky because it could easily spike and then pull back. After a big surge the other day, I’ve actually become even more hesitant to open positions at random 😂
So I’ll wait first. If there’s no clear edge, I won’t act—I'll wait until the direction is confirmed before getting on board.