$ETH Water over Heaven (需), Kan above Qian below. Clouds gather in the sky, but the rain hasn’t fallen yet. The hexagram speaks of waiting first: don’t chase a short halfway up; wait for price to run into resistance before acting.
Ethereum is currently around 2,262, hovering near short-term support. The 2,285–2,320 area overhead is resistance for a short-term bounce. I wouldn’t chase a short in the middle of the range.
I’d rather wait for it to rise to that resistance zone before shorting:
Entry range: 2,285–2,320
Stop-loss: 2,390 (with a buffer beyond the structure)
Take-profit 1: 2,236
Take-profit 2: 2,200
Take-profit 3: 2,150
At the first take-profit, close half the position and move the stop-loss to breakeven. If it doesn’t rise that far, keep waiting. If the daily candle closes above 2,390, I won’t short.
“Clouds above the sky—wait for the rain.” Do you think Ethereum will first surge to 2,320 before dropping, or head straight down to retest 2,200?
Follow me for more updates. These are my personal views, not investment advice.
Ethereum is currently around 2,262, hovering near short-term support. The 2,285–2,320 area overhead is resistance for a short-term bounce. I wouldn’t chase a short in the middle of the range.
I’d rather wait for it to rise to that resistance zone before shorting:
Entry range: 2,285–2,320
Stop-loss: 2,390 (with a buffer beyond the structure)
Take-profit 1: 2,236
Take-profit 2: 2,200
Take-profit 3: 2,150
At the first take-profit, close half the position and move the stop-loss to breakeven. If it doesn’t rise that far, keep waiting. If the daily candle closes above 2,390, I won’t short.
“Clouds above the sky—wait for the rain.” Do you think Ethereum will first surge to 2,320 before dropping, or head straight down to retest 2,200?
Follow me for more updates. These are my personal views, not investment advice.
