1. The current recommendation is to long on ETH spot, with a target price of $5000. The strategy emphasizes buying in batches, and there have been multiple successful examples of buying low and selling high. The current focus is on two key levels: 3388 and 2388, with 2388 being a key level for heavy All In, reflecting a strong bullish stance. It is noted that it may take a considerable amount of time to reach the target price, and no mention is made of overextended upward movement or short-term pullbacks; this represents a firm commitment to waiting for the upward move. 2. Position and Risk Control Recommendations: A phased entry strategy is recommended, with spot positions maintained at around 50%. The first batch was established around 1588, with subsequent batches gradually added. Adjustments will be made at the key level of 3388, while a cross margin entry is recommended at 2388. The profit target is uniformly set at $5000 for liquidation. A strict stop-loss is set if the weekly closing price falls below $2000 after the trade; in such cases, it is advisable to cut losses without hesitation. This strategy emphasizes no leverage to avoid the risk of sudden price spikes and zero returns. 3. This trading style is suitable for stable, medium- to long-term trend investing, based on a phased approach of waiting for significant price increases. The strategy emphasizes patient holding and heavy position management, and is not suitable for aggressive short-term trading. It also reminds traders to control their position size to avoid being trapped in a losing position. There is no leverage or contracts involved, thus avoiding the risk of margin calls. The strategy leans towards trend following, waiting for the target price to be realized.
ETH: Summary of Discussions in the Sanma Spot VIP (Pinned Strategy Effective) Community (17:00:05 ~ 18:00:05)
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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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