We can get things going again! Why do I dare to short Ethereum at 1870?
This time I directly placed a short order for Ethereum near $1870, the 4-hour level Vegas channel line is pressing down hard, this position is quite stable for opening a short. But I need to keep a close eye on it—at 2:00 AM and 2:30 AM, the Federal Reserve will hold a May interest rate meeting, and during such critical moments, the market is bound to make big moves, with sharp price spikes being a common occurrence. Brothers trading contracts must manage their stop losses well and not take things lightly!
Speaking of operational logic, the pressure from the Vegas channel is visibly strong, technically it’s locked in tight, and the $1870 mark is a natural sniping point. But don’t just focus on the technical side; the fundamental news is now a ticking time bomb. Before the results of the interest rate meeting come out, the market is like a startled bird, and volatility can spike at any moment.
So my strategy is very simple: short orders can still be placed, but the position must be well-controlled. If there is a price spike and pullback, it shouldn't lead to a liquidation, after all, in such data-driven markets, surviving is more important than how much you make!
If you were a big player, which one would you choose? I am preparing and listing some cryptocurrencies suitable for bottom fishing as part of a plan to double my investment. Rather than going it alone, it's better to overcome difficulties together, those who understand can come along.
