ETH: Summary of Red Dead Redemption Community Discussions (10:00:11 ~ 11:00:11)

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1. Current Recommended Direction ETH is explicitly recommended to be short. The current strategy is heavily bearish, emphasizing "risk pressure, escalating conflict, and tightening non-farm payroll interest rate expectations." There are no signs of overextended upward movement or tentative entry points. The short position strategy should be maintained. 2. Position and Risk Management Recommendations: We suggest initiating short positions within the 2050-2080 range, with a stop-loss set at 2110. Use the upper resistance level as a reference for the stop-loss. Profit targets are divided into three levels: 2020, 1990, and 1960. Yesterday's positions will continue to be executed; the stop-loss can be adjusted to be used for adding to the position, re-setting it above the key resistance level of the day. We emphasize clear risk management. 3. Suitable for aggressive short-term and swing trading. Given the current escalating macroeconomic risks and the catalyst of non-farm payroll data and interest rate expectations, we remind you that "risks still exist" and it is not advisable to hold positions for too long. Quick entry and exit are the best strategy. Strictly implement stop-loss and phased profit-taking. Conservative traders may wish to wait for clearer signals.

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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