BBear

Why so many dumbos scared over ena dipping from 1.3 to 0.9, people will sell and people will buy panicking over short term losses doesnt mean the actual product going to fail. Eventually when Ethena labs start showing progress/revenue it will still go up. So many crypto investors NGMI seriously.

Keeping up with progress

Currently with all bullish macro factors, its common sense to long markets instead of shorting. But i’m going to short, i’m monitoring next two hourly wicks we need to reclaim 37500 else i foresee a possible downward momentum or liquidation event possibly. NFA, I’m just a nobody take my advice as farts. Order book showing weakness concentration at fixed support levels becareful of fake orders or MM sl hunts.

Keeping it clean, join my discord to find people who like talking about trading. Comments below

BTC need to have extended hourly wicks below 37300 to have a continuous move downwards, eth seems to be respecting ema trends but might follow btc if btc dumps later. Currently trade setup would be to look for longs instead of shorts. Markets are currently too super optimistic. But that’s a cause of concern, additional liquidity for pumps and dump by MM.

We are resting on a parallel zone top for btc, possible short entry 37500 becareful of sl hunts.

As of now eth is testing a important ema 200 trendline price at 1982 if CMP maintains above this line expect upward movement to 2037, btc invalidated my descensing triangle i will look for a dca upwards from 37200 upwards for my short

From my previous post i said that price need to hold 36500 for upward movement but from order books i noticed a strong buying power from 36400-36300 which to me means majority have placed longs here and not the top of an ascending triangle/pennant as i have drawn on btc chart,as of current post timing.Please monitor the order books and refer to it for possible long entry or for a breakdown short if this support fails to hold

Currently in a short position BTC 36330, but my TA telling me that price will support upward movement but i’m trading based on macro factors. ETF next deadline is on jan they will be a gap period where people will not invest as much, volume will not be as exciting as it is. If price maintains 36500 within this few hourly wicks expect a upward movement to next consolidation zone. Manage your position sizing to allow for pumps up to 38300 and dump to 35500 this are liquidation levels in the case Market makers decide to flush out people during low volume trading days. I won’t be advicing on when to enter your trade as there are no such thing as perfect entries or perfect exits. As long as you exit in profit you win. Only need to control your risk like position sizing. Will keep updates on my trading progress.

Lovely 7D

Current ETH DIP CMP at 1590

Gonna place a long here for a reversal trade, TP: 1615-1630

Trust me bro

Current ETH price as of post is 1636

Two scenarios, we reject around here below 1640 and price continues to fall towards TP zones 1616-1600

Or

Price breaks up 1640, forms a new high around next OB resistance TP zones 165X-166X depends on which hammer wick you looking in your chart the further from CMP the least probability it will hit.

Short term trade. Stay Degen. Gamble On#trading