Share your thoughts: if we treat the current range as a consolidation zone, then we should go long at the bottom and short at the top. Comparing to Bitcoin, that's roughly 6.2-7.0. Comparing to Ethereum, that's around 1700-2150. Since I think there might be an upward breakout, I choose to go long at the bottom and not short. I won't chase above 1960; below 1960, I will gradually build positions, with stops below the range. It's inherently a probabilistic situation—just choosing the option with the higher probability.
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Share your thoughts: if we treat the current range as a consolidation zone, then we should go long at the bottom and short at the top. Comparing to Bitcoin, that's roughly 6.2-7.0. Comparing to Ethereum, that's around 1700-2150. Since I think there might be an upward breakout, I choose to go long at the bottom and not short. I won't chase above 1960; below 1960, I will gradually build positions, with stops below the range. It's inherently a probabilistic situation—just choosing the option with the higher probability.