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Price level first, trend second!
Gold called long at 3960 in this wave.
Ethereum called long at 1530 in this wave.
It's not because I'm bullish, but because the price level has been reached and the risk-reward ratio is favorable, so I take the trade.
So for those who don't have long positions now, chasing long at this level has an unfavorable risk-reward ratio.
Those who want to go short should also wait for key levels.
The trading market relies not on prediction, but on following.
The eight-character mantra of Chan Theory: Level, Structure, Strength, Divergence.