ETH: Summary of Red Dead Redemption Community Discussions (22:00:10 ~ 23:00:10)

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1. Current Recommended Direction The ETH recommendation explicitly suggests long, without mentioning the risk of overextending the price or a pullback. It emphasizes flexible entry points without the need for precise timing, indicating a positive expectation for further gains. 2. Position and Risk Management Recommendations: It is recommended to establish a position in the 1970-1940 range, with a stop loss at 1910. The take profit targets are divided into three levels: 2000, 2030, and 2060. Either of these two strategies is acceptable. It is emphasized that long positions opened in the early morning can be moved with a trailing stop loss. The key support level to watch is 68000 (related to BTC). There are no specific requirements for heavy or light positions, but flexible entry is emphasized. 3. Suitable for conservative short-to-medium term trading, it relies on key support levels for exploratory position building and trailing stop loss management. The strategy emphasizes that precise timing is not necessary, and it is suitable for following the trend and avoiding overtrading. It conforms to the flexible operation concept of "quick in and quick out".

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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