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Ethereum has been oscillating within an increasingly smaller range these past two days, and a breakout should be imminent. There’s a 300-500 point move coming. Everyone, open your own positions carefully, control your leverage, set proper stop-losses, and don’t hold against the trend anymore! In the past two weeks, whether going long or short, no matter where you opened, holding against the trend could have been a way to unwind positions or even make a profit. The ones losing money are usually veterans. As the saying goes, beginners die from trends, veterans die from oscillations—that’s the truth. Friends who have made money in the past two weeks, manage your U carefully, don’t let the whales take all your principal and profits at once.
Personally, I lean slightly towards the North, not sure if it will dip down before going up again. As I said, either 2700-2800 will come to pick me up, or if it stabilizes above 3000, I’ll chase. It’s all very urgent! My personal advice is to be cautious about opening short positions these days!