$ETH Fake Bull Market!(Several days ago, multiple updates already reminded everyone that a bullish trap was coming. Before the risk arrives, traders can take profits and exit their long positions.)
History does not simply repeat itself, but it often bears a striking resemblance. The “bull trap” in the cryptocurrency market often begins with a false breakout and ends with trapped traders chasing the high. Currently, ETH’s price action has met the three main conditions indicating the end of a bullish trap: divergence between volume and price, reversal signals in technical analysis, and the quiet withdrawal of main capital. For investors still holding positions, the $3000-$3050 range is the final exit window; do not hold onto the hope of further gains. For those who have not entered the market yet, chasing the high now is like picking cherries in a fire—avoid the risk of buying at a high price.
(The rectangular top has already appeared, with weekend volatility. As the current term approaches, in about three days, a sell-off may begin. Be cautious of risks.)
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troublemaker
· 3h ago
🤠 Don't understand, just want to chase more
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TheFishThatFliesIntoTheSky
· 3h ago
Can't even break through 3100, and now you're going to push it back down?
$ETH Fake Bull Market!(Several days ago, multiple updates already reminded everyone that a bullish trap was coming. Before the risk arrives, traders can take profits and exit their long positions.)
History does not simply repeat itself, but it often bears a striking resemblance. The “bull trap” in the cryptocurrency market often begins with a false breakout and ends with trapped traders chasing the high. Currently, ETH’s price action has met the three main conditions indicating the end of a bullish trap: divergence between volume and price, reversal signals in technical analysis, and the quiet withdrawal of main capital. For investors still holding positions, the $3000-$3050 range is the final exit window; do not hold onto the hope of further gains. For those who have not entered the market yet, chasing the high now is like picking cherries in a fire—avoid the risk of buying at a high price.
(The rectangular top has already appeared, with weekend volatility. As the current term approaches, in about three days, a sell-off may begin. Be cautious of risks.)