This Ethereum short opportunity is really good. From the peak of 3130 all the way down to 3066, a single K-line dropped over 60 points in profit space, enough to double the position.
A prudent approach is to take profits when appropriate, and let the remaining chips continue to gamble with the market maker while protecting the principal. The key now is whether the 3000 integer level can be broken. As long as the bears don't tear off this "mask," there is still an expectation for the market to probe lower. The performance of the next few K-lines will be crucial—either establishing support or testing even lower levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
MEVHunterNoLoss
· 01-09 09:58
Thinking of doubling up with just over 60 points? Man, your position must be really small haha
View OriginalReply0
ProofOfNothing
· 01-09 09:55
Breaking 3000 is really crucial, but I feel like I need to watch a bit more to avoid getting trapped.
View OriginalReply0
CounterIndicator
· 01-09 09:51
Breaking 3000 is a big deal, but right now, those who are clearing their positions are all people who understand taking profits.
View OriginalReply0
NFTragedy
· 01-09 09:47
Thinking of doubling with just over 60 points? Dream on, buddy. How small must your position be?
View OriginalReply0
DataOnlooker
· 01-09 09:45
Thinking of doubling with just over 60 points? When the market is this strong, I would have already exited. Whether it breaks 3000 or not doesn't really matter; the key is just not to get trapped.
This Ethereum short opportunity is really good. From the peak of 3130 all the way down to 3066, a single K-line dropped over 60 points in profit space, enough to double the position.
A prudent approach is to take profits when appropriate, and let the remaining chips continue to gamble with the market maker while protecting the principal. The key now is whether the 3000 integer level can be broken. As long as the bears don't tear off this "mask," there is still an expectation for the market to probe lower. The performance of the next few K-lines will be crucial—either establishing support or testing even lower levels.