ETH dumped $2,500, I’m bearish, not catching falling knives.
The day’s low is right under my feet as I write this.
On L1, this table isn’t doing any favors today: AVAX got hit the hardest; ADA and DOT followed down; only TRX is acting like nothing happened.
There’s not much to sanitize on the technicals: the moving averages are all overhead, price is scraping along the day’s low, and every time it bounces back is another chance for those up top to get out.
My discipline: if the rebound hits 2549.91 and the 7-day moving average shows no volume, I’ll keep my orders out; only after it recaptures it do we talk about a repair. If the day’s low at 2455.58 breaks, then we’ll directly look at 2417.34.
Once the $2,500 level is lost—do you cut or hold? Cut -1; hold -2$ETH $ADA $AVAX #L1 #market analysis
The day’s low is right under my feet as I write this.
On L1, this table isn’t doing any favors today: AVAX got hit the hardest; ADA and DOT followed down; only TRX is acting like nothing happened.
There’s not much to sanitize on the technicals: the moving averages are all overhead, price is scraping along the day’s low, and every time it bounces back is another chance for those up top to get out.
My discipline: if the rebound hits 2549.91 and the 7-day moving average shows no volume, I’ll keep my orders out; only after it recaptures it do we talk about a repair. If the day’s low at 2455.58 breaks, then we’ll directly look at 2417.34.
Once the $2,500 level is lost—do you cut or hold? Cut -1; hold -2$ETH $ADA $AVAX #L1 #market analysis