So damn precise! ETH—our long position we laid out at 1750 last night just got taken profit at 1868 for a $120 win, and here we go again—another day of easy money! What do we do next?

I’m sticking to what I said: if yesterday hadn’t dipped down to bait a wave of shorts with a fakeout and then just pushed straight up, our original plan to open a short at 1875 should—and definitely would—have been carried out resolutely. But there’s no “if.” Yesterday it pulled back to 1748, baiting some shorts, and the positioning there was heavily concentrated: the volume was very large, with plenty of chips packed in, and a lot of trapped holders—so it’s clearly not going to be that easy for them to unwind and get out cleanly.

So the original plan to open the short at 1875 has now changed. However, on the larger time frame, daily-chart level suppression around 1900 is still relatively strong. We still need to take this short. We’ll adjust the short entry—move it up to 1908-1925 to short it, with the defense set at 1962. In that case, once the high-level defense is pierced, during the pump-up process the main force will have to burn through a huge amount of chips, and the cost of pushing higher is extremely high. So as long as you can catch this short entry here, I’ll short decisively. At the very least, the risk-reward ratio is there!

So for Ethereum: short 1908-1925, with the defense band at 1962$ETH