Technical analysis by m5beemer about Symbol ETH: Sell recommendation (12/7/2024)

Leverage has gotten out of control this cycle.It's been to easy to get to $4000 so we need a complete market reset with a huge bounce from $2300.Just another day in the crazy crypto space.Will soon be shorting with high to medium leverage from around $4130 and will switch to long around $2300 with medium to low leverage.Big win with this setup. You heard it here first.My prediction is not to hurt people but to warn people that even using 2x leverage is not always safe long term when trading crypto. Always use stop losses where you won't lose a majority of your collateral. I've lost mine more than enough times. Set your stops at break even before tonight.This trade idea is still in the process. Its hard to figure out the exact top but as soon as possibly tonight I expect it to start dropping like a rock.