$ETH finally came down, which is quite satisfying. It held on stubbornly at the high level for so long, but in the end, it couldn't hold.



My short position was based on the resistance near 2111.63, not a reaction to the drop. I had noticed this level earlier, and the rebound highs were getting lower and lower. The order book gave the impression that the bulls were just holding on. Many people thought it was just a normal pullback at the time, but the situation had clearly changed—buying wasn't active, and the bears were gaining momentum.

Now ETH is reported at 1748.75, with a profit of +2986.71% on the position. The trend is clearly extending. This sense of realization is the most genuine feedback in trading. Whether a judgment is right or wrong, in the end, the price must speak.

I will first handle it in an 80/20 split—take some profit and use a stop-loss to lock in the remaining position. If you missed it, don't blindly chase the drop. Don't chase trades, and don't rush in just because you see a decline. Wait for the next opportunity.

$BTC $SOL
ETH-1.88%
BTC-1.87%
SOL-4.80%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned