$ETH is currently dominated by shorts, with rebounds as a supplement.
Every rise is like the splash of water hitting the shore, while the drops feel like the floodgates of the Three Gorges. The real signal for an uptrend is: the boat stabilizes, the flow of water starts to weaken, and the price holds above the 1550 moving average resistance.
In a nutshell:
Don't chase the pump, go with the flow for shorts, and hold steady at the lows before considering a short-term rebound. $LAB #SP500KeepsOriginalRulesBlockingSpaceX
Every rise is like the splash of water hitting the shore, while the drops feel like the floodgates of the Three Gorges. The real signal for an uptrend is: the boat stabilizes, the flow of water starts to weaken, and the price holds above the 1550 moving average resistance.
In a nutshell:
Don't chase the pump, go with the flow for shorts, and hold steady at the lows before considering a short-term rebound. $LAB #SP500KeepsOriginalRulesBlockingSpaceX