ETH’s recent price action is quite interesting. Have you noticed the lifeline has now moved to the lower side? This position is actually very crucial—when it was above, it acted as resistance, and now that it’s flipped below, it’s become support. Keep a close eye on the 136 level.
A lot of people like to go all in with full positions and set stop-losses, but what happens? They get slapped back and forth, with their stop-losses triggered several times. In this kind of market, operating with lighter positions is actually more comfortable and you don’t have to worry about getting repeatedly stopped out.
So what’s the main focus right now? Wait for the second death cross confirmation signal. From a technical perspective, once that mutually reinforcing death cross pattern gets a second confirmation, it’s basically a clear sign. Be patient and wait for this signal before making a move—it’s not too late.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
5
Repost
Share
Comment
0/400
MemeCoinSavant
· 16h ago
ngl the 136 support flip is giving "academic validation of degenerate trading" vibes... according to my peer-reviewed thesis on stop-loss psychology, those getting liquidated repeatedly are literally just funding the market's behavioral model 📊
Reply0
WhaleMistaker
· 12-09 19:35
Only fools go all-in; I switched to a light position a long time ago—much less stressful.
If 136 can't hold, that's big trouble. Only dare to act after a second death cross confirmation.
This reversal at the lifeline is quite interesting—you really have to keep a close eye on it.
Stop-loss orders get triggered too easily; in the end, you realize all your efforts were for nothing.
Just wait for the signal. After all, there’s nothing to do while waiting, and there’s no need to rush.
View OriginalReply0
PumpDoctrine
· 12-09 19:35
Going all-in and then stopping out is really self-destructive; it's better to hold a small position and wait for a signal.
View OriginalReply0
MEVictim
· 12-09 19:16
Can't hold the line at 136, feels like more volatility is coming.
View OriginalReply0
CrossChainBreather
· 12-09 19:11
You really have to keep a close eye on the 136 support; the lifeline has turned around and this signal is actually pretty clear this time.
Going all-in and stop-lossing is really just self-torture. Now I’m just testing the waters with a light position back and forth, feels much better.
Just waiting for that second death cross confirmation—once it appears, you can really get on board.
ETH’s recent price action is quite interesting. Have you noticed the lifeline has now moved to the lower side? This position is actually very crucial—when it was above, it acted as resistance, and now that it’s flipped below, it’s become support. Keep a close eye on the 136 level.
A lot of people like to go all in with full positions and set stop-losses, but what happens? They get slapped back and forth, with their stop-losses triggered several times. In this kind of market, operating with lighter positions is actually more comfortable and you don’t have to worry about getting repeatedly stopped out.
So what’s the main focus right now? Wait for the second death cross confirmation signal. From a technical perspective, once that mutually reinforcing death cross pattern gets a second confirmation, it’s basically a clear sign. Be patient and wait for this signal before making a move—it’s not too late.