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🔥$ETH This round of the “golden pit” was nailed precisely! Whether you enter or not isn’t really the point—being able to get out is what makes someone a real expert. Yesterday, before the U.S. stock market opened, the market panicked and dumped hard; the price quickly dropped to around 1916. This sharp selloff wasn’t a sign of the trend weakening—it was a typical burst of sentiment + a long-squeeze shakeout.
Go long near 1916—hit the golden pit. When everyone in the market starts panicking, it’s often where funds begin to accumulate. Below, the 1900-1915 area shows clear support. The downside room for the shorts to keep pressing is limited.
Exit around 1950—profit-taking off the highs. ETH then surged quickly, topping out near 1958. After approaching the 1950 zone, upward momentum started to fade. From this point, choose to lock in gains—don’t chase for the very last bite. That’s trading discipline.
The core of this trade isn’t about predicting every single K-line. It’s that when others are panicking, you dare to buy; when the market is going crazy, you dare to leave. This profit belongs to the people who laid the groundwork early. Going forward, if ETH pulls back to around 1920 again, still focus on the strength of the support. If it can stabilize around 50, the bulls still have a chance to keep challenging the 2000 level.
The “golden pit” isn’t something you see every day. Only by daring to act at key levels do you deserve the reward the market offers. Follow Lao Lin and keep looking for the next spot where the main force is handing out money. 🔥