Brothers, look at the chart and speak your mind. The current market structure for ETH is a typical “high-level distribution” (the main force is unloading). A lot of people see it drop from 2600 to 2400 and think it’s cheap, so they want to rush in—let me tell you: don’t act yet, control your hands!
After I used AI to assist, I’ll explain it in plain language:
1. The ceiling is set: 2428–2430 is strong resistance. If it rebounds up there, that’s an opportunity to short you—not a place to hope to get out of your position.
2. The basement is still deep: as long as it breaks below 2357, the next stop is directly 2318.
3. The current condition: the rebound lacks strength (the bounce gets pressured). This is what we call a “downtrend continuation,” not a bottom.
Go long? Unless it can decisively and confidently break above 2545, forget it.
Go short? Around the current price near 2412, or if it rebounds to around 2430—both are great entry points for short positions. Set your stop-loss at 2450; the risk-reward ratio is very favorable!
Remember: in a downtrend, every rebound is a trap to lure longs. Protect your capital—don’t be cannon fodder! 👇 If you find this useful, hit like! No need to tip
#ETH #contract trading
After I used AI to assist, I’ll explain it in plain language:
1. The ceiling is set: 2428–2430 is strong resistance. If it rebounds up there, that’s an opportunity to short you—not a place to hope to get out of your position.
2. The basement is still deep: as long as it breaks below 2357, the next stop is directly 2318.
3. The current condition: the rebound lacks strength (the bounce gets pressured). This is what we call a “downtrend continuation,” not a bottom.
Go long? Unless it can decisively and confidently break above 2545, forget it.
Go short? Around the current price near 2412, or if it rebounds to around 2430—both are great entry points for short positions. Set your stop-loss at 2450; the risk-reward ratio is very favorable!
Remember: in a downtrend, every rebound is a trap to lure longs. Protect your capital—don’t be cannon fodder! 👇 If you find this useful, hit like! No need to tip
#ETH #contract trading
