$ETH $APR
Five reasons to strongly short Ethereum—I called it at 2800
I entered swing longs around 2300 about five times. There has been very strong buying support around 2290, even though the 1-hour EMA is acting as resistance. The strength of the buying support at 2300 made it clear that price would reach the EMA at 2350. I firmly took profit on my longs manually at 2350, then switched to a short at 2348. Why? There is very heavy resistance overhead at 2363. Around 1900, I’ll go all in on a long-term position and hold it for three years. In summary:
1. As shown in the chart below, the range box is resistance, and the 1-hour EMA at 2363 is another resistance level.
2. The Nasdaq is also likely to weaken after rising so much.
3. There’s a very high chance this is another false breakout.
4. Based on last year, price will definitely retest 2150.
5. Of course, if you want to go long, short first, then follow the bigger trend.
点击为多神投票
Five reasons to strongly short Ethereum—I called it at 2800
I entered swing longs around 2300 about five times. There has been very strong buying support around 2290, even though the 1-hour EMA is acting as resistance. The strength of the buying support at 2300 made it clear that price would reach the EMA at 2350. I firmly took profit on my longs manually at 2350, then switched to a short at 2348. Why? There is very heavy resistance overhead at 2363. Around 1900, I’ll go all in on a long-term position and hold it for three years. In summary:
1. As shown in the chart below, the range box is resistance, and the 1-hour EMA at 2363 is another resistance level.
2. The Nasdaq is also likely to weaken after rising so much.
3. There’s a very high chance this is another false breakout.
4. Based on last year, price will definitely retest 2150.
5. Of course, if you want to go long, short first, then follow the bigger trend.
点击为多神投票
