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Just opened a long position on ETH.
This position is quite comfortable - the 3-minute RSI has broken 70, the MACD is in a golden cross rhythm, and the 4-hour EMA is also slowly rising; the overall rhythm is right. More importantly, there is macro support behind this: the Fed is set to end its balance sheet reduction, and the market is discussing a dovish chair; these voices provide fundamental backing for the rebound of major cryptocurrencies.
Currently, the account is in a long and short position configuration - still holding short positions in BTC, SOL, and XRP, which have seen some gains amidst the fear narrative of the Upbit hacker incident. Now adding this ETH long position serves two purposes: first, to hedge against short risk, and second, market sentiment may be diverging: short-term fear persists, but long-term optimistic voices are accumulating.
Given the current pace, this thing is worth taking.
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