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Today’s account: 2220u!
These past couple of days, trading hasn't been very profitable, and I’ve spent quite a bit on fees!
Let’s analyze the market judgment: In recent days, Ethereum has been fluctuating between 2890-2990. Every time it rises, I feel it’s about to break through; every time it falls, I feel it’s about to break down. I missed out on the previous few moves, not knowing when it would break or drop, so I want to wait until it shows a clear direction before acting. Don’t miss out on gains while waiting, and don’t chase orders. The market isn’t short of opportunities; risk management is key!
My short-term view on Ethereum is bullish, but I feel that even if it lifts, there will be a dip first, hitting stop-losses on long positions and releasing liquidity. I expect it to fall to around 2850-2750, then move north. The first target is to see 3300.
Recently, I’ve been considering positioning for medium-term long positions, planning to buy around 2820, so I probably won’t trade around 2920, or I’ll only do short-term longs. Otherwise, if I get caught around 2920, and it drops to 2800 or 2700, I’ll be in a passive position. Even if it pulls back up, due to poor positioning, I won’t be able to set up a medium- to long-term strategy!