I just wanted to take a quick look at the order book, but the shorts went ahead and wrote the answer for me. When the market was first smashed in the morning session, $ETH loosened from the high level downward; the rebound had no strength, and when it surged up, nobody took it. That kind of forced support usually deserves more attention than a direct drop.



A few nights ago I observed ETH. Price repeatedly tested the upper area, but it never managed to form an effective breakout. The moment selling pressure came out, it quickly fell back. The idea I pointed out at the time was very clear: don’t chase longs; wait for it to show exhaustion, then handle it according to the short’s rhythm.

Execute a long near 2118.05. Now it’s back to 1944.92, with the short position realized for +760.28%. This move was perfectly timed—really feels great.

The big portion is cashed out first: close 80%, and use the remaining 20% to move the protection level near cost. If it keeps selling off further, let the profit run. Even if it bounces back, don’t spit out the profits you’ve already taken.

Don’t suddenly get excited and chase shorts during the decline. The market is something you wait for, and profit is something you hold. Friends who haven’t gotten in yet, don’t be in a rush—missing this leg doesn’t mean there’s no opportunity. Wait for the next wave’s signal to be clearer before you act.

$BTC $SOL
ETH1.58%
BTC0.25%
SOL0.52%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned