Biao Nakamoto 9.30 Erbing mindset
$ETH
Erbing current price: 2670. Today I followed the big-bread drop and it just hit the key support from my earlier forecast. Note: this is not a place to chase the long.
2655 is today’s key support. As long as it doesn’t break, take a small position long lightly, stop loss at 2645, target 2685–2695. If there’s a volume expansion and it breaks below 2655, follow through and look at 2630.
Structurally, this is a pullback and repair after an up move, not a trend reversal to short. 2630–2655 is the mid-way consolidation support from the previous up move; the dip-buying support should get stronger. Don’t chase longs near 2655—wait for the rebound to meet resistance before considering it. #ETH🔥🔥🔥🔥🔥🔥
$ETH
Erbing current price: 2670. Today I followed the big-bread drop and it just hit the key support from my earlier forecast. Note: this is not a place to chase the long.
2655 is today’s key support. As long as it doesn’t break, take a small position long lightly, stop loss at 2645, target 2685–2695. If there’s a volume expansion and it breaks below 2655, follow through and look at 2630.
Structurally, this is a pullback and repair after an up move, not a trend reversal to short. 2630–2655 is the mid-way consolidation support from the previous up move; the dip-buying support should get stronger. Don’t chase longs near 2655—wait for the rebound to meet resistance before considering it. #ETH🔥🔥🔥🔥🔥🔥