Ethereum Short Selling Tips: Where Should the Bulls Go?

Hello everyone, I am your Deep Deep Deep Autumn Brother. Yesterday, we shorted above 3700, hitting a low of 3550 and achieving a total profit of 150 points.

This morning, the sentiment around ETH remains high. As I mentioned before, there is no short that the bulls dare not chase, so we must thank those steadfast opponents for every profit from our short positions.

Today, we will continue to consider shorting at the resistance level of A Dou Fang. Currently, Ethereum's strong resistance is in the range of 3660 to 3680. To be extreme, we can briefly spike to around 3710 for a short before coming down! Here, we will try to place a short order in the 3666 area, and leverage should not exceed 50 times.

I believe those who have experienced the bear market and deep corrections have been touched. Testing sentiment by going long at support levels is fine, but don’t mindlessly FOMO chase longs anymore!

Alright, this concludes our short-term analysis of Ethereum. If you want to see an analysis of another coin in the next issue, please leave a comment and like ➕ follow to avoid missing the latest updates.