1650 $ETH long position trapped? Don't panic, this rebound is your only chance to escape

You're holding a Bitcoin long position bought around 1650, now the price has dropped to 1579, you're trapped, right? Don't rush to hold on, let me explain clearly.

On the news front, the bad news has already landed

Recently, CRCL plunged 17%, FGNexus cut losses and liquidated ETH, sounds scary. But think about it, the institutions have already finished selling, the price bottomed at 1550 and didn't crash further, meaning the people who wanted to sell in the short term have mostly sold. However, the market is now like a startled bird, any negative news could still trigger another drop, so don't expect an immediate surge.

On the technical side, the rebound isn't over, but the upside is limited

Currently the price is at 1579, exactly hitting a resistance level. The MACD indicator is still below the zero line, but the green bars are shortening, indicating weakening downward momentum. The 1600-1610 area above is strong resistance. If it can break through with volume, your 1650 long has a chance to get out of the trap. But remember, this is a bear market rebound; after going up, it will likely fall again, so don't fantasize about a reversal.

Looking at the liquidation map, the big players might push it up

Data shows there are many short positions trapped in the 1600-1620 range. The big players often pump to liquidate these shorts and then dump. Your long is at 1650, a bit far. I suggest you add some positions around 1560 to bring your average cost down to around 1630. When the big players push it above 1600 to liquidate the shorts, you sell in batches at 1640-1650 to break even or make a small profit and exit.

Jin Yao's personal opinion:

The 1650 long can still be saved, but only if you have bullets to add positions! I suggest you add a light position around 1560 to lower the average, then set limit orders to sell in batches at 1640-1650 and run.

Remember, this rebound is your chance to escape, not to wait for a big surge. If you don't know how to add positions, or you're out of bullets, come to the chat room, and I'll teach you how to get out step by step.

Market changes faster than flipping a book. Hurry up, don't miss the last chance.

Exactly how much to add, where to set the orders, and when to run—there's limited space here to explain clearly. If you want to know the detailed exit plan, leave a comment below!

‍$ETH #Gate完成141只股票股息派发