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$ETH It's time again for floating losses; the market makes me hesitant.
The sharp decline this morning was enough; in my view, liquidity was heavily drained.
The current discomfort comes from two points: one, this position is a bit awkward now; there is some room for a rebound, and based on the volume, waiting for the price to drop and retest the lows to go long seems like a good move.
The main frustration is that I’ve already used all my bullets with a long position around the average price of 2140.
I was eager to fully deploy my position mainly because of the high volume during that period, thinking there might be a significant fluctuation, but it still rebounded and then gradually declined.
On the other hand, entering a short at this level doesn’t seem to have a good risk-reward ratio, but the overall downward trend is clear.
For now, I can only wait to see if there’s a rebound after retesting the lows.