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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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From the perspective of the daily chart market data, looking at ETH, not shorting would really be disrespectful to myself. The market has consolidated for two days over the weekend, and a slight pump on Monday is also understandable.
Last week's short position at 260, the lowest reached was 2480. I don't know if the position I mentioned in the class was just a hindsight call. To put it plainly, the current rebound is just a gift entry opportunity. The upper divergence at 267 still hasn't broken. Be patient, the market owes us a waterfall.
On the four-hour level, ETH also showed a top divergence at the upper band, with the price around 257. After I posted the content, it rebounded to a high of 258, which is quite a good entry position.
The target on the daily chart can be seen around 230, and for the four-hour target, just aim below 250. The trading logic is different, so don't be greedy.