As soon as you blink, the market flips. You guys keep rambling about $ETH deflation, EIP-1559 burning coins to shill long-term, but the truth is DeFi and NFTs are clearly losing steam. This bounce is just a setup for another dump.
Support at 1660 looks solid, but it could easily be a trap to lure in longs. Here’s a short plan for you all to consider:
Short $ETH
Entry: 1674.35
Target 1: 1579.51
Target 2: 1496.38
Stop Loss: 1712.52
This market is pretty choppy, so remember to set your SL firmly, no holding onto losses.
Can we hold this bottom, or are we heading back down to the 14xxs, folks?
Support at 1660 looks solid, but it could easily be a trap to lure in longs. Here’s a short plan for you all to consider:
Short $ETH
Entry: 1674.35
Target 1: 1579.51
Target 2: 1496.38
Stop Loss: 1712.52
This market is pretty choppy, so remember to set your SL firmly, no holding onto losses.
Can we hold this bottom, or are we heading back down to the 14xxs, folks?