$ETH Last night’s positioning—did it shake you guys into throwing up again?
Today 1585—remember this number!
This is the bulls’ “last piece of cover.”
On the 4-hour timeframe, as long as it holds above,
don’t panic—there’s still room for a bounce on the smaller time frames.
Up above, the 1625 and 1655 areas are the short-sellers’ “ambush zones,” waiting to give the late-chasers a hard lesson.
But!
If today 1585 is broken through by a body candle, then this bounce is a “paper tiger”—the rally is over.
Below, 1550 is the first buffer cushion; if it holds, you can catch your breath.
Once it’s lost, don’t talk to me about faith—just honestly wait for 1510 and 1445.
Those are the real levels worth scaling back in and reclaiming your positions.
Today 1585—remember this number!
This is the bulls’ “last piece of cover.”
On the 4-hour timeframe, as long as it holds above,
don’t panic—there’s still room for a bounce on the smaller time frames.
Up above, the 1625 and 1655 areas are the short-sellers’ “ambush zones,” waiting to give the late-chasers a hard lesson.
But!
If today 1585 is broken through by a body candle, then this bounce is a “paper tiger”—the rally is over.
Below, 1550 is the first buffer cushion; if it holds, you can catch your breath.
Once it’s lost, don’t talk to me about faith—just honestly wait for 1510 and 1445.
Those are the real levels worth scaling back in and reclaiming your positions.