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Ethereum Evening Thoughts
Continuing from yesterday's momentum, today is still a high short. If you don't short on weekends, you won't succeed for the week. I just studied the short-term and 4-hour charts, both trending upward but slowly, with volume and trends not very high. However, the 3890 position is not suitable for chasing long positions, and weekend gains are generally not that high, so shorting seems more appropriate. According to Fibonacci retracement, today's oscillation space is very stable between 3877-3890, giving the illusion that the bulls are strong and can break through at any time. However, looking at the 4-hour chart, it's still in a downward trend. The weekend will definitely see some shakeouts; it just depends on who gets shaken out. Without further ado, here’s the strategy.
Short at 3920-3950
Bros, fasten your seatbelts, we're starting now.
$ETH
Continuing from yesterday's momentum, today is still a high short. If you don't short on weekends, you won't succeed for the week. I just studied the short-term and 4-hour charts, both trending upward but slowly, with volume and trends not very high. However, the 3890 position is not suitable for chasing long positions, and weekend gains are generally not that high, so shorting seems more appropriate. According to Fibonacci retracement, today's oscillation space is very stable between 3877-3890, giving the illusion that the bulls are strong and can break through at any time. However, looking at the 4-hour chart, it's still in a downward trend. The weekend will definitely see some shakeouts; it just depends on who gets shaken out. Without further ado, here’s the strategy.
Short at 3920-3950
Bros, fasten your seatbelts, we're starting now.
$ETH
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