ETH: Summary of Discussions in the 3M Spot VIP (Pinned Strategy Effective) Community (16:00:05 ~ 17:00:05)

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1. Current Recommendation: ETH is currently priced above $3600, with an initial position at $3588. It is recommended to sell half of the spot position at market price and wait for a price pullback to $3088 before adding to the position. The remaining position at $2388 should remain unchanged. The strategy is clearly bearish on a short-term pullback, employing a strategy of selling in batches and accumulating at lower levels, emphasizing waiting for extreme price points before taking action. 2. Position and Risk Management Recommendations: The final spot position should be controlled at 25%, meaning a 50% reduction followed by selling the remaining half to gradually reduce position risk. After selling, wait for the price to pull back to around $3088 before adding to the position, leaving the $2388 position unchanged as a safety cushion. There is no specific stop-loss point, but risk is reduced through batch selling and buying on dips. The trading rhythm is based on price milestones and executed in batches. 3. Suitable Trading Style: The strategy leans towards a stable medium-term approach, emphasizing "selling first and then buying" and "waiting for extreme price points." Chasing highs or tentative positions is discouraged. It is suitable for patiently waiting for a pullback before establishing a position. This strategy, which avoids aggressive, quick in-and-out trading and emphasizes "keeping the remaining positions in place," is suitable for phased operations during trend pullbacks, mitigating the risk of overextending positions during upward surges.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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