There is an old saying in traditional markets which is actually more like a trading rule. It goes, โwhen the trend is negative, one can only be neutral or short,โ meaning bet on the price decrease. The problem is that a relief bounce tricks traders into believing that the negative prevailing sentiment has shifted into a buyersโ market. For example, after analyzing Etherโs (ETH) price chart, one might conclude that after a 41% crash, a bull run should be ignited sooner rather than later. Unfortunately, this is a bit of…
Ethereum price finally topped $3K, but data suggests a reversal is nowhere in sight
