ETH: Summary of discussions in the Shuqin Mute Group (17:00:09 ~ 18:00:09)

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1. Current Recommended Direction - We recommend long on ETH and have already established a position at the $1900 support level, believing that the current price has strong support. - There was no explicit mention of "overextension of gains" or "waiting for a pullback," and the overall sentiment was bullish, awaiting further confirmation of the market trend after the CPI data is released. 2. Position and Risk Management Recommendations - It is recommended to long on ETH at the $1900 support level. Position size should be set differently depending on the level of confidence, with some positions being trial orders or light positions. - It is suggested to take profits or take half profits near the BTC price of 67,000 RMB. The specific profit-taking point for ETH is not clear, but it is implied that the position can be adjusted after taking into account the CPI data. - Emphasizing "to seek stability, one can first take half of the profits," reflects a prudent risk control approach. - The timing revolves around the release of the CPI data that evening (21:30 Beijing time), and the trading rhythm closely follows the fluctuations in the news. 3. Adapt to trading styles - Suitable for steady medium-term and news-driven trend investing, with positioning based on CPI data as a key catalyst. - Emphasizing advance planning followed by waiting for data confirmation, this approach is suitable for investors with patience who do not blindly chase highs and lows. - The risk management advice suggests avoiding overstaying your position and encourages "taking profits on half first, and then relying on data and luck for the remaining position," suggesting flexible adjustments to your position size.

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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