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$ETH Evening Limit Order Strategy
In the morning, I pushed a short order around 3500, I got in at that time. Those of you who got in shouldn't worry; it's highly likely to pull back in the evening.
Additionally, today's three attempts to break the resistance level were unsuccessful. Now we are in a high-level consolidation space, lingering at high levels for a long time today. The data constantly shows an increase in short orders near the resistance level of 3520, and from the liquidation data, the amount of long orders being liquidated is more attractive to the market makers, which makes a drop highly probable. Even if there is a breakout, it will have to wait until next week.
Looking at the 4-hour chart, there are several upper wicks, clearly indicating that the bulls are struggling to go up without the support of the market makers. Moreover, if you look at the current situation, everything seems to be rising, and it is assumed that it will likely go up to celebrate Christmas; however, that is not the case. There is a significant possibility of a drop!
The suggestion for trading is to short between 3520-3560, and if there is a pullback, it is expected to reach around 3460.
Make a small profit and look for a Christmas-themed girl in the evening 🙈
In the morning, I pushed a short order around 3500, I got in at that time. Those of you who got in shouldn't worry; it's highly likely to pull back in the evening.
Additionally, today's three attempts to break the resistance level were unsuccessful. Now we are in a high-level consolidation space, lingering at high levels for a long time today. The data constantly shows an increase in short orders near the resistance level of 3520, and from the liquidation data, the amount of long orders being liquidated is more attractive to the market makers, which makes a drop highly probable. Even if there is a breakout, it will have to wait until next week.
Looking at the 4-hour chart, there are several upper wicks, clearly indicating that the bulls are struggling to go up without the support of the market makers. Moreover, if you look at the current situation, everything seems to be rising, and it is assumed that it will likely go up to celebrate Christmas; however, that is not the case. There is a significant possibility of a drop!
The suggestion for trading is to short between 3520-3560, and if there is a pullback, it is expected to reach around 3460.
Make a small profit and look for a Christmas-themed girl in the evening 🙈
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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