11.26 Midnight Analysis and Suggestions
The big pie made an attempt to break 99000 in the afternoon but failed. Later in the evening, there was a spike, dropping to around 94600. Unfortunately, our long positions were also stopped out, which is quite normal; with gains come losses. However, overall, Monday was still a small gain. In this one-sided upward trend, it is certainly advisable to primarily take long positions. When the bullish momentum is strong, a sudden spike can happen, and there's not much that can be done about it. We can only adjust our mindset and strategy afterward.
The daily chart of the big pie has turned from bullish to bearish, engulfing the previous small bullish candle, and is currently hovering around 96000. A spike has forcibly opened up the hourly trend. Although there was a strong recovery after the spike, it is still overall in the lower range. Considering the current strong bearish momentum, it would be wise to take a short position in the early morning and see how strong the bearish move is.
Suggestions:
Short the big pie near 96200-96500, targeting 95500-95000
Short Ethereum near 3510-3530, targeting 3470-3440
