12.18 Auntie Tai: Bearish crushing control, shorting on rallies directly targeting key support levels



In the early trading session, the ETH market is dominated by bears with a crushing trend. Capital flow shows a large-scale and continuous outflow, the price structure has completed a trend-breaking move, and the downward momentum is in a continuous release channel. Without significant positive policies or massive inflows of funds to support, the market will continue its downward pressure and may test lower levels. A new round of accelerated decline cannot be ruled out.

Trading suggestion: Build short positions in batches within the 2870-2920 range, targeting 2800-2700; if there is a volume breakout at this level, add to positions accordingly, with a target of 2680-2650.
ETH0,57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)