Looking at ETH’s current position, it has already touched the top of the Bollinger Bands. This surge from the bottom has been quite strong, and now things are clearly a bit overheated. Technically, the overbought signal is very obvious, and the price is stuck at the upper band, facing significant resistance.
The bulls have been charging too hard these past few days, and their momentum is almost exhausted. Judging by this trend, there’s a high probability of a pullback towards the middle band for consolidation.
My personal strategy: consider opening short positions in the 3250 to 3300 range, looking for a pullback. The first target is around 3180, and if it breaks below that, continue to watch 3130. Of course, use strict stop-losses—don’t try to tough it out.
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ForkItAll
· 12-04 03:26
Auntie is about to start eating noodles again. This time it’s really intense... Going short at 3250 should get me some soup.
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StrawberryIce
· 12-04 02:21
Auntie's surge this time is really fierce. It's still pushing hard even after hitting the top of the Bollinger Bands. I think it's risky.
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GateUser-26d7f434
· 12-04 02:20
This wave is indeed a bit fierce, and the resistance at the top of the Bollinger Bands is real. I'm also waiting for a pullback opportunity.
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TrustlessMaximalist
· 12-04 02:16
Auntie is pushing too hard this time; the pressure at the top of the Bollinger Bands is really unbearable. I'm setting up short positions and waiting to profit from this pullback.
#ETH巨鲸增持 $ETH 12.4 Morning Session Observation
Looking at ETH’s current position, it has already touched the top of the Bollinger Bands. This surge from the bottom has been quite strong, and now things are clearly a bit overheated. Technically, the overbought signal is very obvious, and the price is stuck at the upper band, facing significant resistance.
The bulls have been charging too hard these past few days, and their momentum is almost exhausted. Judging by this trend, there’s a high probability of a pullback towards the middle band for consolidation.
My personal strategy: consider opening short positions in the 3250 to 3300 range, looking for a pullback. The first target is around 3180, and if it breaks below that, continue to watch 3130. Of course, use strict stop-losses—don’t try to tough it out.