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7.21 Two-biscuit strategy: Short in batches from 1900–1930, stop-loss at 1960, first target 1860, second target 1830
ETH current price is 1908. After a wash last night, the price has bounced back and is hovering above 1900. A lot of people are starting to panic, thinking whether it’s about to reverse.
I’m telling you—don’t scare yourself.
Look at the order book: the rebound volume is weaker with each candle, and the K-line highs are also stepping down. Every time it tries to push up above 1900, it gets slapped back down—this is a classic bull trap structure. This kind of move is designed to骗 those who can’t resist chasing once they see it going up.
What does a real reversal require? It needs volume and a firm hold of the key level. Right now, neither is present. A market propped up only by emotion can’t last.
In terms of execution: don’t fire all your bullets at once. Build positions in batches from 1900–1930. Set a unified stop-loss at 1960. Target 1860 first; once it reaches there, then push toward 1830. Get your risk control right, and the rest is up to the market.
Every bullish candle is tempting you to chase, and every bearish candle is trying to scare you into cutting. A mature hunter looks at the trend, not the noise. #ETH