#ETH巨鲸增持 After the long positions surged to 93000 in the Friday night session, they started to reverse, pulling back all the way to 90200. Over the weekend, it basically traded within a small range, reaching a high of 91100 before returning to the 90200 level.
From the daily perspective, the price has been pushed down after hitting the middle band of the Bollinger Bands, forming a long upper shadow bearish candle. On the four-hour level, the bearish momentum is slowly accumulating, and the moving averages are about to form a death cross. Therefore, tonight's strategy is still mainly bearish, waiting to find opportunities to short after a rebound is a more prudent approach.
Saturday evening operation suggestion:
Consider placing short positions in the range of 90800-91100, targeting around 89800-89500. Set the stop loss above 91600.
$BTC can also attempt to go short near the 3015-3035 range, with a target in the 2970-2950 area below. Stop loss reference is above the 3060 position.
Pay attention to controlling your position, and strictly set stop-loss orders during market volatility.
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.
17 Likes
Reward
17
9
Repost
Share
Comment
0/400
OnchainFortuneTeller
· 12-01 17:48
The middle band of the Bollinger Bands is really strong this time, with such obvious short positions piling up, we can't just sit on the sidelines.
View OriginalReply0
MidnightMEVeater
· 12-01 17:41
It's the same old story about the Bollinger Bands death cross again. Every time they say short positions are piling up, but in the end, the Whale eats your stop loss in one bite... By the way, this position at 90800 looks like a sandwich trap to me. Are you the one shorting, or are you being shorted?
View OriginalReply0
DefiEngineerJack
· 11-29 12:11
ngl the dead cross signal is giving false alarm vibes again... seen this play out like 5 times already this cycle, ser
Reply0
CryptoCrazyGF
· 11-29 12:11
Is the Bollinger middle band being pressed? This wave is a bit annoying, feeling like I'm repeatedly cutting losses there... I believe in the accumulation of short positions, but when it comes to actually placing short orders, it often easily reverses and traps me. However, if the stop loss is set well, it is indeed a bit more stable.
View OriginalReply0
FrontRunFighter
· 11-29 12:11
hmm classic whale trap setup ngl... those long wicks screaming manipulation to me. that death cross ain't just technical noise, it's the dark forest playing out in real time. shorting at resistance while retail fomoing in? textbook sandwich attack pattern if u ask me.
Reply0
ForkInTheRoad
· 11-29 12:11
Again testing the bottom, the market this weekend is really boring.. The Bollinger middle band is suppressing, the death cross is imminent, and the short positions atmosphere has emerged.
View OriginalReply0
ChainMemeDealer
· 11-29 12:08
It's being so annoying again, this market is really frustrating.
The middle band of the Bollinger Bands is indeed a bit of a hurdle, but I still have faith in the rebound before a drop.
Just listen to the short order layout, but the stop loss must be adhered to, everyone.
View OriginalReply0
MidnightSeller
· 11-29 12:02
It's grinding at the bottom again, I'm too familiar with this rhythm. Every time I say the death cross is coming, but it just doesn't come, haha.
I'm also watching that 89800 point, just seeing if it can fall down.
Setting the stop loss properly is really crucial, otherwise a pullback will wipe it out.
View OriginalReply0
GasFeeVictim
· 11-29 11:53
It's grinding again, so annoying. When will it break the level?
#ETH巨鲸增持 After the long positions surged to 93000 in the Friday night session, they started to reverse, pulling back all the way to 90200. Over the weekend, it basically traded within a small range, reaching a high of 91100 before returning to the 90200 level.
From the daily perspective, the price has been pushed down after hitting the middle band of the Bollinger Bands, forming a long upper shadow bearish candle. On the four-hour level, the bearish momentum is slowly accumulating, and the moving averages are about to form a death cross. Therefore, tonight's strategy is still mainly bearish, waiting to find opportunities to short after a rebound is a more prudent approach.
Saturday evening operation suggestion:
Consider placing short positions in the range of 90800-91100, targeting around 89800-89500. Set the stop loss above 91600.
$BTC can also attempt to go short near the 3015-3035 range, with a target in the 2970-2950 area below. Stop loss reference is above the 3060 position.
Pay attention to controlling your position, and strictly set stop-loss orders during market volatility.