🔴｜ETH Breaks Resistance? Will It Reach 3000?
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Although the day before yesterday, knowing it was a trap, I still stepped in, because this kind of structure has a high probability of success, but there is no 100% win rate. It just means that at that time, the structure had the conditions to start and a suitable profit-loss ratio, which is why I said to open a position.
Not just based on feelings, I think, I believe. Although I stepped into the trap, even if it happens a few more times, I would still take the risk. A mature trading system does not deny everything just because of one failure.
Looking back at the current market, hasn't ETH broken out? Why has it come down again?
It broke out, but it hasn't stabilized, this is a common false breakout, which is also a common condition for shorting. Because the stop-loss point is given to you as the previous high, and the profit-loss ratio is also decent.
It should be noted that these conditions are not suitable for opening large positions; they are suitable for right-side liquidation.
Now, short positions can gradually take profit, waiting for the next support level around 2660 to go long; this short-term short is just a trial, do not go against the trend.
