ETH: Summary of Red Dead Redemption Community Discussions (10:00:09 ~ 11:00:09)

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1. The current recommended strategy is to short ETH, with target prices of 1990-1960-1930, as market sentiment is currently bearish. Note that if there is an upward spike to 2030 and 2100 and a subsequent hold above these levels, sentiment will turn bullish, and a reversal should be anticipated. Entry is advised to be flexible and not based on precise timing, implying a tentative approach to establishing a position. 2. Position and Risk Management Recommendations: We recommend starting with a small position to avoid the risks of a large position. Set a stop-loss at 2080, and take-profit orders in stages at 1990, 1960, and 1930. While there is no specific timeframe, price levels are clear. Therefore, we emphasize the need for caution and a small position size in today's trading. 3. This trading style-adaptive strategy is more suitable for aggressive short-term trading, allowing for quick entry and exit and flexible position adjustments. Be wary of sudden shifts in market sentiment; if a key resistance level is broken, indicating a bullish trend, a stop-loss order or reversal is necessary. Suitable for traders adept at capturing short-term fluctuations; avoid 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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