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Recently, the group has been buzzing again. Watching the 15-minute chart surge, everyone is shouting "ETH has stabilized at 3120, the bull market is here." To be honest, I find it a bit speechless.
You’re fixated on the tiny 15-minute gains, but you haven't noticed the 4-hour chart’s antenna at 3308—that needle pricks painfully, and the bull’s tombstone stands right there.
Currently, ETH is stuck at 3170, which is halfway up the mountain. It can’t go up, and it can’t come down. This kind of situation is the easiest way to get buried.
It looks like the 15-minute MACD has a golden cross, and the volume is slightly increasing, but this is the kind of "give you a candy first, then slap you" routine. Without a rally from the main force, how can they lure you in to buy the dip? How can they dump the unescaped chips at 3300 onto you? This rebound, in essence, is just a technical correction after falling from 3123.
Looking upward, 3200 and 3220 are resistance levels. The trapped positions are piled up like mountains. Do you think the main force will be so kind as to help you get out? Dream on.
My advice is straightforward:
First, don’t chase near 3170; there’s little meat and many traps, no need.
Second, the rebound itself is an opportunity, but the opportunity isn’t in chasing highs; it’s in waiting.
Third, if the price hits the 3200 to 3215 range, that’s the real shorting opportunity.
Fourth, set your stop-loss at 3255; if it breaks, admit defeat.
Fifth, target first at 3120; if it breaks, then look at 3050.
In trading, it’s not about who’s faster, but who lasts longer. In this kind of market, impatience is the worst enemy.
One last thing—if ETH really returns to 3200, are you brave enough to short, or do you want to chase longs again?
Really, the 3170 level is indeed a bit awkward; I'm also in a wait-and-see mode.
The 3200 threshold still needs to be respected, or it could easily lead to a panic seller.
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That's right, the 3170 position is really tricky, many people are going to get caught here
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I just want to know, when it really hits 3200, are you truly able to go short or are your hands trembling again
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Mosquito bites' gains start to shout bullish, I really can't believe this group of people
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Stop-loss set at 3255, either profit or at most lose that little, much better than being trapped
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It's just a rebound correction, this sentence hits hard, straight to the point
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Rather than chasing high, it's better to wait; this wave of market isn't about quick reflexes
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Pressure stacking up, haha, those trapped above 3200 indeed have to wait for a short squeeze to escape
I see through this 3170 trap; breaking below 3200 is the real opportunity.
That's right, surviving longer is much more important than quick hands. This is the experience I lost money on.
Still trying to chase higher, anyway, this is just how the leeks are.
Short at 3200? That's funny, the main players have been waiting for you.
Better to stick to your stop-loss than chase the high; staying alive is more important than making quick money.
This rebound is just a cover, really.
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Here we go again, a wave of rebound and everyone calls it a bull market, these people really can't learn
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3200-3215 is where the short positions are active, what are we chasing now
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I bet this wave still needs to go down a bit more, so many trapped positions
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Who dares to short at 3200, I respect whoever does, most are just tough on the surface but timid inside
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Forget it, I'll wait until 3120 to see, I won't play at this level
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This is a classic "sugar-coated trap," after losing out once, you see through it
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Set stop-loss at 3255, break below and run, don't be greedy
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The main force's move here is really flashy, trapping people inside forcefully
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Living longer is the real winner, this phrase really hits home
Exactly right, that 3170 level is really tough. I got caught there last time.
I find those trapped orders around 3200 really annoying, honestly.
Hold steady, don't rush. Wait for the opportunity. This is the way to survive.
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This rebound is just a stage for the main players to dump their holdings.
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Are you guys going to be trapped again?
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I think 3200 is the real shorting point. There's no point chasing now.
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The trapped orders are piled up there, don't expect to get out easily, friends.
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What’s the use of a golden cross on the 15-minute chart? Look at the 4-hour chart.
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Wait until 3200 to decide. Chasing now just makes you the bag holder.
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When the main force pushes up, it's to smash even harder. I see through this routine.
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The middle of the mountain is the most dangerous, that's no lie.
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In places with few buyers and many traps, I’d rather wait.
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Break 3255 and run, don’t fight it.
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Short or chase longs, I bet you'll still chase longs haha.
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Who survives longer wins. Impatient ones can just go to hell.
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Let's watch 3120 first. That’s the real target.