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You only need to execute to “get paid in meat”: the Ethereum short positions we publicly laid out around 1,920 yesterday. The current price has pulled back to the lowest point above 1,870, and we successfully reached our first take-profit target. This week is already a five-win streak—once again, we’ve secured nearly 50 “meat”!
Earlier, I repeatedly emphasized to everyone that the area around 1,920 is a strong pressure zone. This is a place where you can take a round of profit from a pressure-driven pullback. After yesterday’s price action broke upward, many people were in a hurry to chase longs—we, on the other hand, planted the technical setup and decisively placed shorts at the pressure position. No regrets about the move.
Now that we’ve already locked in profits, for friends who prefer stability, you can take profit on most of your positions first and leave only a small portion as a tail position. Move your defense to break-even levels and firmly bank the profits you’ve already taken. The remaining target for this short-term trade is to watch the area around 1,865.
From the chart, bullish momentum hasn’t been fully extinguished yet, and the short-side liquidity below hasn’t been fully consumed either. For this short, we only play a short-term pullback—no lingering.
The bullish structure in the short cycle hasn’t finished working through yet, and the trend is still extending. After this pullback phase plays out, the next plan will still mainly be to buy on retracements.
So the recommended buy-on-dip zone to lock in is 1838-1855, with the stop-loss uniformly set below 1800. Targets are around 1908-1938-2068$ETH .
Finally, one more reminder: whether you go long or short, don’t blindly chase positions. The risk-reward ratio of chasing trades is very poor. It’s better to miss the move than to impulsively enter. Missing at least won’t lose your principal—waiting until the market reaches our ideal levels before acting is the safer swing-trading approach.