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$ETH Short positions trapped by 100 points at 1650, here's how to handle around 1755.
Brothers, ETH has been pulled from 1600 all the way to a high of 1775, currently retracing to 1755. Can the short entry at 1650 still be saved? Yes, brothers, the bullish momentum is weakening, and the opportunity is coming soon.
Look at the K-line: current price 1755, closely below the upper BOLL band, MACD fast line crosses below slow line, bullish momentum clearly fading; the middle band below is the first support. The liquidation map shows a large accumulation of short liquidation orders at 1769-1780, so the main force won't easily push up to help others get out of losses.
Strategy Layering:
Light positions: set stop loss, hold steady and wait for retracement.
Heavy positions: you can open 1/3 of a position near the current price, add short hedges near the resistance level on a bounce, close the hedge on a pullback, and repeatedly trade the spread to lower the average price.
Conservative: add to short positions when price breaks below the support level; if it doesn't break, consider reducing positions, then add short positions again when price rebounds to resistance.
Remember: 1775 above is the high-voltage line, 1727 below is the target zone. Floating losses are not scary; holding positions stubbornly is deadly.
For specific position allocation, leave your average price and percentage in the comments, and Gongming will calculate for you in detail.
#ETH突破1700