7.23 Biscuit Silk Road: place buys in batches at 1920-1940, cut losses at 1960; first target 1870, second target 1840

Biscuit’s current price is 1928. For several days, it has been tugging back and forth above 1900. It looks lively on the surface, but it’s been laying traps the whole time. It surged up yesterday, and today it spewed back out; today it was smashed down, and tonight it pulled back again. In this kind of choppy market, what tests people most isn’t technicals—it’s staying power.

But there’s one signal that’s very clear: each rebound high is lower than the last. No matter how many times the 1960 level has been touched, it has never managed to hold. It’s not that the bulls don’t want to push up—it's that they really can’t. There are layers of trapped sell orders stacked above; who would be willing to play the role of the liberators?

Short-term focus:
Upper sell-pressure zone: 1930-1940
Stop-loss line: 1960
First level below: 1870
Second level: 1840

In execution: build positions in batches within the 1920-1940 range. Tighten the stop and set it at 1960—no need to make it too large. First target is 1870. Once that’s hit, move the stop to cover breakeven and trail it, then keep the remaining position aiming to take profit at 1840. In a choppy market, don’t be greedy, and don’t be scared. Manage your position size—if the direction is right, you can slowly take your profits.

The market always rewards patient people and punishes those who have itchy hands. Don’t be the fool who keeps getting slapped in the face over and over during the chop. #ETH$ETH