I got stuck on a short position this afternoon. Thumbs up if you're making money. That short position back then was so comfortable, making profits back and forth. It was so comfortable. Today's long position. Making profits on both ends. Trading twice a day is a sure thing. Let's keep going.
#ETH long. Aggressive or conservative, wait for 4430-4420. This is also the aggressive buy zone.
The extreme range I can see is 4415-4380.
Take Profit: 4480-4540
Stop Loss: 4340
Reasoning: The interest rate cut is coming to fruition on the 18th. The hype surrounding the rate cut over the past few months is likely to end after the 18th. Assuming this positive news turns bearish upon implementation, there should be a surge of sentiment before the implementation, allowing more investors to get on board and get stuck at the top. Therefore, after three days of decline, it's reasonable to buy in batches.
Assuming this positive news is market-driving and doesn't turn bearish upon implementation, then the price will indeed rise, and there's nothing wrong with going long.
The third possibility is that the price continues to fall, with no rebound, and simply continues to fall. If that's the case, then we'll just have to stand at attention and take the beating.
#Bitcoin