$ETH
Right when this wave of Ethereum was pulling up,
I was watching the order book and honestly kind of got carried away.
The price climbed from around 2630 all the way up above 2650,
with one bullish candle after another pushing higher—
just as the shorts tried to press down, the longs immediately gobbled it up.
Now the most interesting part of the chart is here:
Around 2652, it already tapped the upper Bollinger Band,
and the previous high at 2663 is right overhead.
In plain terms, the next dozen or so candles could be where bulls and bears truly wrestle.
If 2663 breaks out on volume and holds,
once this momentum continues, the short-term may well keep surging upward;
but if it keeps trying and failing to get through,
I’d actually be more careful,
because after a continuous run-up, profit-taking could dump at any moment.
My feeling right now can be summed up in one sentence:
Don’t let the red candles in front of you get you overly excited,
and don’t bail out early just because you’re afraid of a pullback.
Right when this wave of Ethereum was pulling up,
I was watching the order book and honestly kind of got carried away.
The price climbed from around 2630 all the way up above 2650,
with one bullish candle after another pushing higher—
just as the shorts tried to press down, the longs immediately gobbled it up.
Now the most interesting part of the chart is here:
Around 2652, it already tapped the upper Bollinger Band,
and the previous high at 2663 is right overhead.
In plain terms, the next dozen or so candles could be where bulls and bears truly wrestle.
If 2663 breaks out on volume and holds,
once this momentum continues, the short-term may well keep surging upward;
but if it keeps trying and failing to get through,
I’d actually be more careful,
because after a continuous run-up, profit-taking could dump at any moment.
My feeling right now can be summed up in one sentence:
Don’t let the red candles in front of you get you overly excited,
and don’t bail out early just because you’re afraid of a pullback.