$ETH was suppressed after reaching 2800 yesterday. I placed a long order at 2680-2660 yesterday and got the first position. I ignored it after seeing the rise in the middle of the night. After waking up, it went directly to the cost price. The current market is still at a reasonable price, but the overall situation is very weak. The current market is not without pattern, but without pattern, there is no profit.
Next, let's see how $ETH falls back. After the fall back, continue to play the band. The support below is still 2550
2/14 Q&A, 5 questions Leave in the comments — "Coin Name + Specific Question" Then this is just my personal opinion, for reference only The blogger is still on duty for Valentine's Day
Last night I dreamed that $ETH directly reached a price of 3300. When I woke up and checked my phone, I realized it was just a dream. I haven't had such a vivid dream in a long time. Now the price of $ETH is 2700, still 500 dollars away from the increase. I quietly wait for the price to reach 3300.
Closed the long contracts and spot currencies from the previous two days, the market remains weak and it is not advisable to have too much of a stance. If it drops, continue to look for buying opportunities; if it rises, there is no fear as the market will always give you buying chances. However, if you get stuck, you will have to endure many days of recovering your investment. The current hotspot is waiting to see when CZ will launch the meme coins on the BSC chain. Next, let's see if the BSC chain can be as strong as the Solana chain for a week.
CZ publicly supports meme coins on the BSC chain, which has led to a surge in the entire BSC ecosystem including BNB, CAKE, and BAKE. Market attention has already been captured, and the next step is the pump effect. It is even speculated that the BNB team has already accumulated certain coins from Binance Alpha for the upcoming pump, similar to the trading strategies employed by the Solana Foundation, making you obedient. Could it be that this spring belongs to the BSC chain?
The position of $ETH 2550 has once again provided support. After the CPI data was released yesterday, it dipped to 2546 before starting to rebound. The support at 2550 has always been there. According to the orders placed to buy ETH at 2550, the highest price reached was 2795. It is now continually rubbing against a small resistance at 2720. Please take your profits accordingly.
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$ETH encountered resistance at 2720 and started to pull back. In the early morning, ETH plunged down to 2555. Now ETH has returned to the starting point of the last decline. There has always been a support at 2550. It can be understood that the current ETH is supported at 2550 and the upper pressure is 2720.
A simple understanding of Pi: First: You need to pass KYC and be on the mainnet to sell. Second: On the surface, it's 6 billion, but in reality, it might only be a few billion. Third: The users are mostly elderly people. Fourth: The hype in the crypto circle is at its peak. Additional note: Personally, I feel that the elderly may not necessarily sell. After all, it's been 7 years, and they might not use exchanges; they could have locked their assets. Summary: It's definitely going to surge; it's a project that has to be played if you're looking at a single-digit market cap. In other words, would you join the first major exchange that achieves success?
$PEPE The bottom support for this coin is at the position of 0.0000087. This support is only for the 4-hour timeframe. If you want to wait for a stronger support, I personally suggest buying at the position of 0.000007, which is the bottom position for August-September 2024. The Meme sector coins are currently in a state of severe bleeding.
$ENA This cryptocurrency saw large holders selling off yesterday. This coin completely follows ETH. The previous strength was due to the holdings in the USA, but now that all positions are sold, retail investors are also selling, causing the market to decline continuously. If you want to hold spot, I personally suggest buying around 0.342, as this position has some support. If it falls below the price of 0.3, you should sell at a loss.
$ETH encountered resistance at 2720 and started to pull back. In the early morning, ETH plunged down to 2555. Now ETH has returned to the starting point of the last decline. There has always been a support at 2550. It can be understood that the current ETH is supported at 2550 and the upper pressure is 2720.
Every time the market gives hope for an upcoming rise, it always delivers a blow to you. It's not about the pattern; it's just that this market is truly unmanageable, and you have to run fast.
The newly launched cryptocurrency $LAYER on Binance has given a harsh lesson to those who thought they could short it after it went live. Initially, there was selling pressure after the launch, but it then began to rebound to a price of 1.35. The liquidation data is second only to B and E. Currently, the $LAYER rate remains at -2%, with all users shorting.