August 27th Short Shooting: Choose to go short when Ethereum is below 2700
ETH/Daily Chart
At the daily level of Ethereum, yesterday continued to close in the negative, and the K-line was arranged in a falling short position, which means that it still maintains a weak unilateral pattern. Don’t guess the bottom. It is a weak decline, but it cannot give a steady rebound and short. Either wait and see, or be bold and aggressive and open the market directly and fall. Although there is a decline at this time, it is stable to wait for the rebound point tonight to try to go short. Combined with the key upper rail resistance of the weekly line at 2800, the resistance here is crucial for this week.
ETH/4H chart
Ethereum 4h level, today's high point 2700 temporarily opened down, the overall rebound strength is small, the attached indicator has an upward trend, there will be a small rebound in the short term, and you need to pay attention to the upper 2700~2670 position at night. A wave enters the range and makes a weak correction. Then there is a probability of further shorting at night. Pay attention to the shock area near 2600 below
Strategy 1: It is recommended to lightly position/short at 2700~2670, stop loss at 2740, and target around 2630~2600
The above is a personal suggestion for reference only. Investment is risky and trading should be cautious
