May 30th strategy
Market trend analysis:
Today, May 30, the price of Ethereum has been suppressed below $1920 for the past 24 days, and the most recent breakthrough attempt on May 6 lasted less than 24 hours. The attempt to break through yesterday, May 29, also lasted less than an hour, if you don’t count these two short-lived price increases. The stage of Ethereum’s price below $1920 began 38 days ago on April 21.
Current market sentiment analysis:
Bearish sentiment: All short orders are sold out. After the stop loss is reached, do you dare to enter the market to continue shorting? Do you dare to chase long orders? Or do you wait and see? This is the general sentiment of the bears. After the stop loss is reached, there are a few who chase long orders, the majority who wait and see, and only a very few who continue to go short.
Bullish sentiment: bullish profits, large numbers of profit-taking, few greedy, very few short after profit-taking. After profit-taking, wait for the price to retrace to the large number of entry points.
Emotional summary: shorts are few, longs are majority. Always believe in the 28 rules of the market. Emotional indicator suggests direction: short! Ethereum is currently at the previous high of 1920. If you can accept your stop loss reaching 1920, you can short below 1920!
