Early trading shows Ethereum encountering resistance after a rally. After touching the upper Bollinger Band, the price faced obvious downward pressure and then initiated a sharp decline. The bears continued to exert pressure, not only breaking through the middle band support but also accelerating towards the lower band. The Bollinger Bands are contracting downward overall, indicating a bearish technical resonance. The short-term trend is clearly weak, and no effective rebound signals have been observed yet.
The strategy is straightforward—trade short positions in line with the trend. The key is patience: enter in stages during rebounds and avoid rushing to bottom fish. Wait for the market to give a clear rebound rhythm.
Specifically, this morning's trading plan is as follows:
**Entry Range**: 3170-3190, staggered short positions
**Target Levels**: First target at 3100; if a strong break occurs, continue to watch 3070
**Risk Control**: Must strictly follow trend trading rules, manage position sizes carefully, and avoid counter-trend operations. Wait for clear market signals before acting.
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MissingSats
· 01-11 00:20
Another short position? I'm tired of this routine. Last time I was so confident, but it ended with a reverse explosion.
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orphaned_block
· 01-09 14:43
Shorting again? I'm still waiting for a rebound confirmation here.
I already said not to rush to catch the bottom; this wave still needs to fall.
Can 3100 hold? Feels uncertain.
The bears are so fierce... Looks like strict stop-loss is necessary.
The Bollinger Bands contraction trick, I got caught with it last time.
Can it really reach 3070? Feels a bit greedy.
Be patient and hold your position; the market will speak.
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LiquidatedThrice
· 01-08 03:02
Can 3100 hold? Feeling a bit hesitant.
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ponzi_poet
· 01-08 03:02
Another rebound off the upper Bollinger Band followed by a sell-off. This rhythm feels all too familiar.
No rush to short, wait for the rebound to go short again. Don't miss the move, and more importantly, don't get caught in a trap.
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BearMarketSurvivor
· 01-08 03:01
Bollinger Bands are contracting, and the bears are gaining strength. This wave definitely looks bearish; just go with the trend.
It's the same old story, waiting for a rebound to enter the market. I was caught in that trap last time.
Will 3100 really break? It feels a bit uncertain.
It's good that you don't try to catch the bottom; I lost a lot because I tried to bottom fish.
I like your approach, but risk control needs to be stricter.
This time is a bit different; Bollinger Bands contracting is indeed not a good sign.
I just want to know if 3070 can hold. If it doesn't, it's dangerous.
Trading with the trend is fine, but the key is that patience is the hardest part.
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LayerZeroHero
· 01-08 03:00
Once again, the bears dominate, and the Bollinger Bands have reversed... This time, really listen and don't try to bottom fish.
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AirdropAnxiety
· 01-08 02:55
Is it the same setup again? Is shorting really that simple? Why do I feel like I keep getting trapped every time?
It looks clear, but in actual operation, it's still easy to panic... Is entering at 3170 really safe?
Is there a high probability of breaking below 3100 this time, or will it rebound and go through another round of fluctuations?
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LeekCutter
· 01-08 02:55
It's the same old trick again—rising sharply and then falling back, and then starting to tell stories. Let's see if 3100 can hold.
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WalletInspector
· 01-08 02:54
Bollinger Band contraction this wave, definitely a bearish trend, enter at 3170 and stay steady
Once again, a day of being slapped in the face for bottom fishing. This time I’ve learned my lesson, wait patiently for a rebound signal before acting
If 3100 breaks, continue to watch 3070. The question is whether it can hold up
The morning drop was a bit fierce, feels like it’s not the bottom yet
Follow the trend and go short, don’t think about counter-trend operations
The Bollinger Band suppression is so obvious, short positions still need to be laid out
If this round of decline fails to rebound, it will really head straight to 3070
Early trading shows Ethereum encountering resistance after a rally. After touching the upper Bollinger Band, the price faced obvious downward pressure and then initiated a sharp decline. The bears continued to exert pressure, not only breaking through the middle band support but also accelerating towards the lower band. The Bollinger Bands are contracting downward overall, indicating a bearish technical resonance. The short-term trend is clearly weak, and no effective rebound signals have been observed yet.
The strategy is straightforward—trade short positions in line with the trend. The key is patience: enter in stages during rebounds and avoid rushing to bottom fish. Wait for the market to give a clear rebound rhythm.
Specifically, this morning's trading plan is as follows:
**Entry Range**: 3170-3190, staggered short positions
**Target Levels**: First target at 3100; if a strong break occurs, continue to watch 3070
**Risk Control**: Must strictly follow trend trading rules, manage position sizes carefully, and avoid counter-trend operations. Wait for clear market signals before acting.