ETHUSDT, Ethereum/ TetherUS, 4 hr

20220926, ETHUSDT, Ethereum/ TetherUS, 4 hr

In brief:

1. Hitting the short-term pressure line
2. Still in the downward trend, not a good position to do long.
- Yes, you may do long-entry with a good price this time; however, this is not a good idea in the long run.

As a trend follower, this price/position:
a. Holding short position, set stop loss well
b. Do not do the short-entry position
c. Do not do the long-entry long position

How about the horizontal support line(~ ETHUSDT 1300)?
Too far from now. Please consider this as not being existed.

Why?
No one exactly knows the effect of PoW -> PoS on the price.
No one knows if this is a train to hell.

This, is cryptocurrency.

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