$ETH 11.13 The price of eth is basically forming an inverted hammer line on the daily chart after a fall. Looking at the intraday, there are still low points as the hourly and 4-hour charts are slowly building a bottom. We will see if the bottom divergence in the short cycles of 15 minutes and 5 minutes can produce a low point before proceeding with low position longs. The focus area below is at 3330-3360, and on the upside, we need to pay attention to 3510 (which may be the point where the market maker pumps and dumps), with minor resistance at 3480-3460. The back-and-forth amplitude is relatively large! The trading suggestion is to mainly short on highs and lightly long on lows!
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.
$ETH 11.13 The price of eth is basically forming an inverted hammer line on the daily chart after a fall. Looking at the intraday, there are still low points as the hourly and 4-hour charts are slowly building a bottom. We will see if the bottom divergence in the short cycles of 15 minutes and 5 minutes can produce a low point before proceeding with low position longs. The focus area below is at 3330-3360, and on the upside, we need to pay attention to 3510 (which may be the point where the market maker pumps and dumps), with minor resistance at 3480-3460. The back-and-forth amplitude is relatively large! The trading suggestion is to mainly short on highs and lightly long on lows!