Fight again for the first shot
When Ethereum was above 2750, I started calling for shorts
and laid out short positions—I kept holding until now.
The first resistance above Ethereum is also at 2750.
The second resistance is the prior high at 2807.
During the Mid-Autumn Festival period,
it has continued to form a high-level consolidation and sideways range.
When the market consolidates at high levels, it usually means two things:
1. Building momentum and preparing to surge again to set a new high.
2. The long side takes profits; the positions change hands and the price starts to fall.
My personal feeling is the latter—the likelihood of a drop is very high.
This is the last chance for the long bulls to run for safety.
When Ethereum was above 2750, I started calling for shorts
and laid out short positions—I kept holding until now.
The first resistance above Ethereum is also at 2750.
The second resistance is the prior high at 2807.
During the Mid-Autumn Festival period,
it has continued to form a high-level consolidation and sideways range.
When the market consolidates at high levels, it usually means two things:
1. Building momentum and preparing to surge again to set a new high.
2. The long side takes profits; the positions change hands and the price starts to fall.
My personal feeling is the latter—the likelihood of a drop is very high.
This is the last chance for the long bulls to run for safety.
