A lot of you have been asking: is #ETH 2050 really at the bottom? Does Sandisk $SNDK 800 count as oversold?
Looking at this entire downtrend, both U.S. stocks and major cryptocurrencies are indeed oversold. For Ethereum, 2,050 is the last strong support this quarter. Intraday, the market is also recovering as it digests the negative impact of the hack, and it will most likely rise further today. Let’s see whether ETF funds flow in when the U.S. market opens at 22:30 tonight, whether institutions add to their positions, and whether U.S. stocks show signs of stabilizing. If you’re swing trading, you can go long on ETH, with your stop-loss just below the new low. The broader trend remains bearish until there’s positive news. If U.S. stocks keep weakening, you can go heavily short.
U.S. stock tokens: #SNDK Storage has indeed been falling for over a month in this move and is now close to its opening price. The 800 level is the short-term range support. There’s still room to ride the rebound before the market opens. If you want to buy the dip for the medium to long term, the current price is also fairly attractive—but scale in gradually rather than going all in at once, so you have funds left to add to your position if it falls again.
Summary: Go long on all major cryptocurrencies and U.S. stocks during the day [follow the chat room for specific take-profit and stop-loss levels]
#闪迪
Looking at this entire downtrend, both U.S. stocks and major cryptocurrencies are indeed oversold. For Ethereum, 2,050 is the last strong support this quarter. Intraday, the market is also recovering as it digests the negative impact of the hack, and it will most likely rise further today. Let’s see whether ETF funds flow in when the U.S. market opens at 22:30 tonight, whether institutions add to their positions, and whether U.S. stocks show signs of stabilizing. If you’re swing trading, you can go long on ETH, with your stop-loss just below the new low. The broader trend remains bearish until there’s positive news. If U.S. stocks keep weakening, you can go heavily short.
U.S. stock tokens: #SNDK Storage has indeed been falling for over a month in this move and is now close to its opening price. The 800 level is the short-term range support. There’s still room to ride the rebound before the market opens. If you want to buy the dip for the medium to long term, the current price is also fairly attractive—but scale in gradually rather than going all in at once, so you have funds left to add to your position if it falls again.
Summary: Go long on all major cryptocurrencies and U.S. stocks during the day [follow the chat room for specific take-profit and stop-loss levels]
#闪迪
ETH看涨还是跌？
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