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ETH short positions can also consider taking profit.
Following the BTC drop all the way down, it’s now at 1850u, close to the 1830 to 1800 support zone. From this point downward, there isn’t much room left. Continuing to hold is not cost-effective.
Moreover, the overall market sentiment has been repairing these past two days. On the BTC side, there are signs of capital starting to flow back. Once a rebound happens, ETH often rises faster than BTC. Holding short positions at this level means increasing risk.
The last drop has already been absorbed—lock in profits. Don’t give back the profit you’ve already taken #ETH $ETH