When you've been in a bull market long enough, you naturally learn which pitfalls to avoid.



At the 3070 level for ETH, the resistance isn't very significant. What you really need to watch is the area around 3240—mentioned 3220 earlier this morning, but that's just a reference for this general zone. Don't expect me to give an absolutely precise number.

As for how to handle short positions? My idea is to wait until there's a clear sign of resistance around 3240 before making a move. If indicators continue to stagnate like this, there's a high probability we'll see another bearish divergence forming later. Simply put, the upward trend isn't over yet.

For longs, if you missed the breakout at 2830, it's best not to chase at this level now—there's not much opportunity left.
ETH-3.69%
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SchrodingerProfitvip
· 12-03 15:53
You really need to hold the 3240 level, don't rush into short positions yet. Wait for the signal, the rally isn't over anyway. If you missed the 2830 entry, don't chase it now, there's no point in buying at the top.
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Degen4Breakfastvip
· 12-03 15:53
The key point at 3240 has been nailed down, just waiting for a signal. Anyway, I'm not in a hurry.
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LightningClickervip
· 12-03 15:52
We need to hold the 3240 level, otherwise if the bearish divergence really hits, it’ll be tough. Not chasing highs is the right move. If you didn’t get in at 2830, why chase now? Indicator lag is really something, feels like we’ll have to deal with this for a few more days. 3070 feels like just a stop along the way, the real action is at 3240. I’ve said it before—don’t chase highs, but some people just want that last bite. Waiting for a resistance signal is a good idea, but it takes patience, and that’s exactly what I lack most.
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Rekt_Recoveryvip
· 12-03 15:51
ngl this 3240 zone is where the real pain happens... been liquidated there twice already lmao
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TokenDustCollectorvip
· 12-03 15:35
3240 is a hurdle that can't be avoided; I need to wait for a signal before making a move. If you missed 2830, chasing now is just giving money away—you have to accept that. Indicator lag is brewing, don't rush.
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