ETH: Summary of Discussions in the 3M Spot VIP (Pinned Strategy Effective) Community (03:00:10 ~ 04:00:10)

1. Current Recommended Direction - We recommend long on ETH spot, focusing on the strong support level of $2388. We anticipate that the major entry point for spot trading is at $2388, and we do not recommend chasing the price up to $5000 in advance. - A downward retracement is expected on February 2nd, which is a normal market correction. After the retracement, a surge in February is expected to begin. - It is clearly believed that the support above $2,000 is very strong and will not be easily broken, giving us some breathing room; - The strategy of gradually building positions in the spot market without leverage, emphasizing "going all in without thinking" at $2388, reflects extremely strong bullish confidence. 2. Position and Risk Management Recommendations - Spot positions are built in batches, with key batches including $2388 (all- in), $3388 (50% spot position), and $3600 (sold half and then added back at $3088). - Take profit at $5,000 and liquidate all positions; - Set the stop loss to cut losses decisively when the weekly closing price is below $2,000 after the trade is executed, without hesitation, and indicate that the risk-reward ratio is not as good as the previous few trades; - It is recommended to control position size and avoid leveraged trading to prevent the risk of a sudden price spike and loss to zero. - The trading strategy focuses on the weekly closing price, emphasizing "cut losses immediately if the weekly closing price is below 2000". 3. Adapt to trading styles - This strategy is suitable for stable medium-term trend investing, based on strong support and prediction of large-scale upward waves; - Given the catalyst of the overall surge in mainstream cryptocurrencies in February, it is recommended to hold patiently and wait for a pullback before adding to positions; - Contract trading or leverage is not recommended; we emphasize the safety of holding spot positions without leverage. - The style leans towards "All In for big swings" and "lying flat and getting trapped," and is not suitable for aggressive short-term quick in and out trading; - The explicit message "If you are trapped, just lie still" reflects the tolerance for fluctuations and pullbacks, and avoids frequent trading.