Hello subscribers! I closely monitor Ethereum but not to look for a long, I want to add this token to the short. For comparison, I present two charts, where you can see that every time the number of shorts is reduced below 130 000, there is a collapse. And this is logical, because there is no fuel for growth, and the number of longs at the same time a huge amount. The cryptocurrency market is now completely under the control of a group of manipulators, there are no bulls or bears, just a group of persons (most likely the exchanges) directs the price to where it is more profitable for them. Put up the cost without the liquidation of shorts, a very costly affair, so now of course you should not open a long, so as not to become a victim. If you are already in long, put your stop-loss up. Kill all the emotions in yourself, do not give in to euphoria, think with a cold mind. You shouldn't go in the short right now, we are waiting for further movement, I really want to happen the last pump for the collection of already opened shorts after their liquidation I would more safely open my short. The second option is to wait for the breakdown of the trend line, now it is the level of $120. I will certainly keep you informed about all my actions, now we are perfectly keeping short on BTC and LTC.
I will be glad to your likes, comments and subscription!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.