20220926, ETHUSDT, Ethereum/ TetherUS, 4 hr
In brief:
1. Hitting the short-term pressure line
2. Still in the downward trend, not a good position to do long.
- Yes, you may do long-entry with a good price this time; however, this is not a good idea in the long run.
As a trend follower, this price/position:
a. Holding short position, set stop loss well
b. Do not do the short-entry position
c. Do not do the long-entry long position
How about the horizontal support line(~ ETHUSDT 1300)?
Too far from now. Please consider this as not being existed.
Why?
No one exactly knows the effect of PoW -> PoS on the price.
No one knows if this is a train to hell.
This, is cryptocurrency.
Welcome to follow us and leave a comment : )
In brief:
1. Hitting the short-term pressure line
2. Still in the downward trend, not a good position to do long.
- Yes, you may do long-entry with a good price this time; however, this is not a good idea in the long run.
As a trend follower, this price/position:
a. Holding short position, set stop loss well
b. Do not do the short-entry position
c. Do not do the long-entry long position
How about the horizontal support line(~ ETHUSDT 1300)?
Too far from now. Please consider this as not being existed.
Why?
No one exactly knows the effect of PoW -> PoS on the price.
No one knows if this is a train to hell.
This, is cryptocurrency.
Welcome to follow us and leave a comment : )
Welcome to follow us with FREE TRIAL
linktr.ee/alpha_a_io
linktr.ee/alpha_a_io
Disclaimer
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.
Welcome to follow us with FREE TRIAL
linktr.ee/alpha_a_io
linktr.ee/alpha_a_io
Disclaimer
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.