Looking at the 4-hour chart, two consecutive bearish candles have pushed the price down. It's still barely holding above the middle Bollinger Band, but the KDJ indicator has already turned downward, and trading volume is starting to increase. With this pattern, I personally lean towards looking for short opportunities at higher levels.
How will I specifically operate? I'll be watching the 915 to 925 range. If the price rebounds to this area, I'll consider setting up short positions, with an initial target around 905. If that level breaks, 890 is also possible. $ETH
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CrossChainMessenger
· 12-04 13:31
The 915-925 range is indeed a good spot to set up a short position. The increased volume is a bit of a strong signal.
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FUD_Whisperer
· 12-04 13:28
The 915-925 range is indeed prone to being dumped, but I'm more skeptical about whether it can really break below 890.
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PoolJumper
· 12-04 13:18
Hmm.. I'm also watching the 915-925 range, just worried the rebound might not be sufficient.
#ETH走势分析 BNB Trading Strategy Update
Looking at the 4-hour chart, two consecutive bearish candles have pushed the price down. It's still barely holding above the middle Bollinger Band, but the KDJ indicator has already turned downward, and trading volume is starting to increase. With this pattern, I personally lean towards looking for short opportunities at higher levels.
How will I specifically operate? I'll be watching the 915 to 925 range. If the price rebounds to this area, I'll consider setting up short positions, with an initial target around 905. If that level breaks, 890 is also possible. $ETH