$ETH A classic door-shaped move to bait shorts!!!
#XRP现货ETF持仓17亿美元周流入放缓
A sharp sell-off all the way down from above 2700
Many traders who went long got trapped and wiped out
But as soon as it dropped to 2535, big buying appeared
The price is now around 2568 and starting to climb gradually
Negative funding rates show that the market is extremely crowded with shorts
This kind of door-shaped move is most likely to trigger a short squeeze
For a short-term rebound, keep a close eye on resistance at 2582
Above that, strong resistance is at 2630, the mid-band breakout level
To the downside, the first support to watch is the low at 2535
The ultimate strong support remains firmly at the 2500 level
Intraday, 2580 to 2630 is an oversold rebound zone
Get the timing right: enjoy the ride down on shorts and up on longs
Today, we’ll continue waiting for an oversold entry point to go long at a low price $ETH
#XRP现货ETF持仓17亿美元周流入放缓
A sharp sell-off all the way down from above 2700
Many traders who went long got trapped and wiped out
But as soon as it dropped to 2535, big buying appeared
The price is now around 2568 and starting to climb gradually
Negative funding rates show that the market is extremely crowded with shorts
This kind of door-shaped move is most likely to trigger a short squeeze
For a short-term rebound, keep a close eye on resistance at 2582
Above that, strong resistance is at 2630, the mid-band breakout level
To the downside, the first support to watch is the low at 2535
The ultimate strong support remains firmly at the 2500 level
Intraday, 2580 to 2630 is an oversold rebound zone
Get the timing right: enjoy the ride down on shorts and up on longs
Today, we’ll continue waiting for an oversold entry point to go long at a low price $ETH