I am Nanxi, an old player in the crypto world for many years, and now the chief analyst of the Hongcai community. Today's ETH market is like a roller coaster; are you also feeling your heart race?
First, let's look at the news:
There is a whale called pension-usdt.eth who just closed 30,000 ETH long positions, making a small profit of 300,000 USD. This person is not ordinary; in the past month, they have made over 13 million USD, with ruthless strategies and quick exits. Why did they close their positions at this point? Did they sense some risk? I'll keep you in suspense for now and reveal it at the end of the article.
Now, let's look at the technical aspects:
The 1-hour K-line has already surged above the zero axis, and the MACD has formed a golden cross above water, which is a short-term bullish signal. After the US stock market opens, ETH directly pulls up by 100 points, indicating that large funds are moving. But here comes the key - 3020 is the first resistance level, and 3080 is strong resistance. Can it break through? I tell you, it depends on a detail that many people overlook...
My view is clear: a rise must be followed by a pullback, chasing highs is like giving away money. If it stalls around 3020, it is a good opportunity to enter shorts; first look at the support at 2900 below, if it can't hold, it might even drop to 2820. But don’t panic, a drop is an opportunity.
If you have taken a short position, or want to go long but haven’t dared to open a position, find Nanxi in between; you are already making gains now, but the market has fluctuations every day, so you just need to find Nanxi and eat profits together with Nanxi!
So what should we do now? Remember three phrases:
Do not chase highs, wait for a pullback
Short at resistance, long at support
Position should be light, stop loss should be strict
If you still don’t understand, it’s okay - I give detailed analysis to Nanxi's fans in the village at the first time every day, and provide real-time reminders for entry and exit points. How will ETH move next? I have already mapped out the upcoming market script, but I can't say too much here... Want to follow my real trading strategy and avoid being cut off? Follow Nanxi, join Nanxi#ETH $ETH
