At this stage, is $ETH more suitable for short or long?
ETH broke 2900 last night and is now around 2930. The 50-day moving average has crossed below the 200-day moving average, and this signal has always been accompanied by at least a 20% crash!
Looking at the on-chain data, the number of active addresses has dropped to a 12-month low, and ETFs are still continuously flowing out...
A certain KOL claiming that 2900 is the bottom is simply misleading! Taiki Maeda shorted ETH for two months and made $580,000, because the DeFi locked position volume has formed a double top and the growth of stablecoins has stagnated, leading to the collapse of altcoins and affecting ETH's valuation.
For those currently in cash, Uncle Hang has a short position available:
Enter around 2973, add at 3033
Take profit at 2920, stop loss at 3060
(This is a personal opinion and does not constitute any investment advice; please consider rationally)
For those currently trapped, don’t hold on stubbornly, click → 扫码进聊天室, Uncle Hang can help you break free; or if you want to accurately grasp the buying and selling points, Uncle Hang will lead you to seize the next market opportunity!
