#eth #btc

Brothers, let me add one more thing. If the picture is unclear, feel free to draw it yourself. After the first major peak, both the previous and the one before that experienced a pullback to the 0.618 position before entering a crazy bull run. This time, the 0.618 position is around 2720. If you are holding a long position and absolutely do not want to cut your losses, and want to survive until the bull run, you must ensure that your liquidation price is below 2700. Here are a few methods to provide:
1. The simplest way to top up margin (don't borrow...)
2. Reduce long positions or directly cut losses (a relatively neutral and wise approach).
3. Open a hedge position, that is, open a short position when the price rebounds to a high, but this approach requires a certain level of trading skill, otherwise it is easy to get caught in both long and short positions. Additionally, when opening a hedge position, it is essential to ensure that the available balance in the contract is not zero; otherwise, it will be locked, and in this situation, there is basically no solution except to add margin.
Additionally, when opening a hedging position, it's important to note that the goal is not to make money from your short position, but to reduce your holdings. For example, if you make some profit from your short position, record that profit and when the price rebounds, use that profit to reduce your long position. Remember, the purpose of this type of hedging to lock in losses is definitely to reduce your holdings! What you need to do now is to survive!
Wishing all my brothers to get through this!