๐ฅAlmost 1 month after the MERGE! WHY ETH DOESN'T PUMP?!
Hi friends! Almost a month has passed since the Merge, and Ethereum still has not grown. What is the reason? What are my targets for Ethereum?
โ As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work.
โ If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth.
โ My recommendation is to be prepared for strong price movements in the near future.
๐ Preconditions to open a long:
๐ฅ squeeze to the trendline
๐ฅ bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k
๐ฅ whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them
๐ฉ According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too.
๐ The targets for the long:
1. $1540-1650 - the closest value area
2. $2030 - the key level, vale
๐ฅ Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
โ As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work.
โ If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth.
โ My recommendation is to be prepared for strong price movements in the near future.
๐ Preconditions to open a long:
๐ฅ squeeze to the trendline
๐ฅ bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k
๐ฅ whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them
๐ฉ According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too.
๐ The targets for the long:
1. $1540-1650 - the closest value area
2. $2030 - the key level, vale
๐ฅ Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
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