Post
--Bearish
Old Wu's latest analysis on Ether 1.3, #ETH
Image 1: As mentioned yesterday, the overall outlook is bullish. Don't rush to short; look for a rebound opportunity to go long with a stop loss at 2950.
Image 2: It can still be seen as an upward channel, but the difference is that clear resistance is visible, so currently, there are conditions to short.
Image 3: It shows that the pressure above is greater than the support below, so shorting can be considered.
Operational suggestion: On weekends, with low volatility and no big players manipulating the market, it is likely to consolidate, so it is advisable to trade less.
Going short: Currently, consider shorting on a rebound below 3000, with a stop loss at the new high of 3151.
Going long: Buy around 3000, with a stop loss near 2980. $ETH
{future}(ETHUSDT)
Image 1: As mentioned yesterday, the overall outlook is bullish. Don't rush to short; look for a rebound opportunity to go long with a stop loss at 2950.
Image 2: It can still be seen as an upward channel, but the difference is that clear resistance is visible, so currently, there are conditions to short.
Image 3: It shows that the pressure above is greater than the support below, so shorting can be considered.
Operational suggestion: On weekends, with low volatility and no big players manipulating the market, it is likely to consolidate, so it is advisable to trade less.
Going short: Currently, consider shorting on a rebound below 3000, with a stop loss at the new high of 3151.
Going long: Buy around 3000, with a stop loss near 2980. $ETH
{future}(ETHUSDT)