ETH: Summary of Discussions in the Sanma Spot VIP (Pinned Strategy Effective) Community (17:00:05 ~ 18:00:05)

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1. The current recommendation is to long on ETH spot, with a strong bullish outlook for a medium- to long-term target of $5,000. This suggests that the current phase is a period of accumulation and waiting, with opportunities to build positions on pullbacks, especially at two key levels: 3388 and 2388, with 2388 being a potential entry point for heavy All In. It is emphasized that one should not prematurely accumulating positions after a price surge; patience is key to waiting for a price pullback before entering a position. 2. Position and Risk Control Recommendations: Maintain a 50% position in the spot market, deploying capital in batches. The first to fourth batches have been gradually entered. The fifth batch was sold at 3600 (half position) and then added back at 3088, demonstrating flexible position adjustments. The heavy position entry point is 2388; a cross margin entry is recommended without hesitation. The profit target is set at $5000 for liquidation. A strict stop-loss is set if the weekly closing price falls below $2000 after the trade; if it does, cut losses without hesitation to avoid significant drawdowns. Note that the risk-reward ratio is not as favorable as previous trades. 3. This trading style is suitable for stable, medium-term trend investing, emphasizing leverage-free spot trading to avoid the risk of leveraged contracts going up to zero. The strategy is based on long-term upward expectations and requires patience to wait for key price levels to establish a position. Please be aware of position sizing. This strategy is for reference only and is suitable for investors who are bullish on market volatility and have a positive outlook on the overall trend. It is not recommended for short-term, rapid trading or holding positions for too long.

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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