🔥ETH 3110 consolidation is not accumulation, it's the manipulators slowly cooking the bulls in warm water! No-volume rebound + step-by-step sell-off, the bulls' backbone is already broken. Any move below 3160 is a fake signal. The short-sellers' ambush zone is 3125-3135, with a target straight down to 2980!🔥
Watching the charts until the ashtray is full, this 3110 consolidation is truly treacherous! Many see the 'double bottom' forming and start shouting about 3300, but check the 1-hour chart—this is not a bottom build, it's the主力 (main players) using time to exchange space, slowly killing the bulls!
The logic is clear:
From 3308 downward, it's a classic step-by-step sell-off—each peak is lower than the last: 3308 → 3250 → now around 3120. This shows the bulls are already broken, rebounds are just brief breaths, and volume keeps shrinking. No-volume rebound = a classic fake signal!
The current 3110 consolidation is not building momentum—it's a trap set by the主力 to lure you in, making you feel 'safe' and itching to go long. Then they hit you hard once you're in!
My strategy:
Core principle: As long as it doesn't close above 3160, every rally is a trap!
Short entry zone: 3125-3135, lightly test the waters. If it spikes to around 3155, that's the主力 (main players) handing you money—go heavy short!
Stop-loss: 3188 (allowing some room for friction, but if it breaks above the previous high resistance, admit the mistake and exit immediately)
Target levels:
First target: 3060 (take profit from this rebound)
Second target: 2980 (break through psychological support)
Trading isn't about who shouts the loudest during consolidation—it's about who gets to the top of the mountain before the crash!
Right now, the candlestick pattern—do you see it as a buildup toward 3200, or a last gasp heading to 2900?
Comment below: Where's your stop-loss? Don't be afraid to short—what scares me is the greenhorns still dreaming during consolidation!
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