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【$ETH Signal】Short position waiting for confirmation of the exhaustion of downward momentum
$ETH is experiencing a volume decline, and price action shows bears dominating and need to wait for a clear signal to stop the decline.
🎯 Direction: Short position
The market showed a decline of -6.59% accompanied by a volume of 16.43 billion, which was a significant sell-off. Open interest data is the key, and it is necessary to observe whether it is panic long liquidation (downward momentum may be exhausted in the short term) or the main force actively shorts shipments (the decline may continue). The current price action has not seen effective buying absorption or structural breakdown, and is in a clear downtrend. The core of the trading method: do not take the flying knife before the short momentum is confirmed to be exhausted. Wait for the price to emerge from a low-volatility consolidation or bullish engulfing pattern at key support zones (e.g., 2750-2800) before evaluating the reversal long opportunity. What is earned is the money of probability, and the current long probability is not dominant.
Wait for the signal before trading 👇 $ETH
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