ETH: Summary of Old Demon Community Discussions (13:00:11 ~ 14:00:11)

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1. Current Recommended Direction - I strongly recommend short ETH. I currently hold two high-leverage short positions (25x and 30x leverage) and show no signs of waiting or long. - There was no mention of overextended gains or waiting for a pullback, indicating a firm bearish outlook and no tentative entry signals. 2. Position and Risk Management Recommendations - Current positions are heavily leveraged, with double the leverage resulting in a total short position value exceeding 21 million, indicating a heavily short attitude. - There were some reductions in positions, with short positions reduced by approximately 4.2 million in value, suggesting flexible position adjustments to control risk. - Although no specific stop-loss or take-profit price level or time point is set, the reduction of positions implies dynamic risk control. It is recommended to closely monitor price fluctuations and adjust accordingly. 3. Adapt to trading styles - Suitable for aggressive short-term or medium-to-short-term trend strategies, using high leverage to quickly amplify returns and risks. - There are no obvious catalysts, the trading pace is relatively fast, implying a "quick in, quick out" strategy, and one should avoid lingering in the market. - Suitable for traders with a high risk tolerance and who are good at short-term swing trading, emphasizing flexible position management.

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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