Waiting for the ETH bulls to be liquidated. The current downward trend is due to long positions above 3200 slowly stopping out. The bearish trend is becoming more apparent. Waiting for an opportunity—once the long positions in the 2400-2600 range start to liquidate in a waterfall decline, there will be a significant liquidity gap. That will be our chance for a rebound of several hundred points. The candlestick needs to be repaired, and market maker quotes won't be easily given to us. With a large market cap and sufficient liquidity, we can only gradually sell off; otherwise, all the fish will have already escaped.

ETH0,13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)