Shorting at 1620$ETH trapped for 70 USD! Countdown to liquidation? Mige's two "life-saving rules," you will regret if you don't watch

Holding positions and waiting for miracles is equivalent to waiting for liquidation.

You are still short at 1620 on ETH, now the price has surged to 1689, with unrealized losses approaching 70 USD.

Don’t think the market will suddenly turn around——the main force has no intention of falling. Look at the 1-hour chart: the middle band of BOLL continuously supports the price
upward, RSI has already reached 61, still climbing, the main force has no intention of shorting.

Although the daily chart is somewhat bearish, the 1-hour cycle is a typical oscillating upward trend, specifically to trap short positions.

The liquidation map has already turned red: the bears are being closely watched by the main force. The latest on-chain data shows that the liquidation pressure of short positions above $1700 has suddenly decreased significantly——indicating that many high-level short positions have been eaten.

Meanwhile, long positions in the 1620-1630 range have already been cleared out. The main force’s next move is very clear: first push you to the brink of liquidation, then reverse and dump the market.

Two-step solution to get out of trouble, don’t just wait passively:

① Don’t cut losses above 1700——1700-1750 is a short-term strong resistance level, wait for a rebound here before making decisions;

② When the price retraces to around 1650, reduce 30% of your position first. Currently, it’s a volatile market, so you must adapt flexibly.

Different position sizes mean different ways out.

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