🔥Almost 1 month after the MERGE! WHY ETH DOESN'T PUMP?!
Hi friends! Almost a month has passed since the Merge, and Ethereum still has not grown. What is the reason? What are my targets for Ethereum?
âś… As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work.
âś… If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth.
âś…My recommendation is to be prepared for strong price movements in the near future.
đź“Š Preconditions to open a long:
🔥 squeeze to the trendline
🔥 bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k
🔥 whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them
đźš© According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too.
đź“Š The targets for the long:
1. $1540-1650 - the closest value area
2. $2030 - the key level, vale
🔥 Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
âś… As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work.
âś… If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth.
âś…My recommendation is to be prepared for strong price movements in the near future.
đź“Š Preconditions to open a long:
🔥 squeeze to the trendline
🔥 bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k
🔥 whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them
đźš© According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too.
đź“Š The targets for the long:
1. $1540-1650 - the closest value area
2. $2030 - the key level, vale
🔥 Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
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