11.30 Too many investors chasing long positions
Why are we short at 3720? Because we have already predicted that if 3720 makes a false breakthrough, the long entry rate will be very high. The result is indeed so. The long entry data is even more amazing, 16 times that of the short position. I don’t know how many investors are chasing high around 3700. The reason why Bitcoin bulls turn to Ethereum is probably because they think Bitcoin has almost reached its peak. Ethereum has a lot of room for growth because Ethereum is strong, but the stronger the top is, the weaker it proves. It is probably to increase shipments, and the investors just walk into the "game" of the leveraged lender
Some investors even think that Ethereum is the strongest coin, so once it starts to accelerate its decline, it is likely to be an unbearable decline
As shorts at key positions, we can lose up to 30 points of stop loss, but if 3720 is a high point, we will get a huge profit range, so wait patiently for a rapid decline, which may even be a waterfall-like decline.
#以太坊时刻到来? $ETH