#TradingTools101 $ETH – What's Next After the Good News?
With all the recent bullish news for Ethereum already priced in, it's time to reassess our strategy moving forward.
Last night, just before the release of the U.S. CPI data, I advised the [Fathers] who were holding short positions to secure profits early. Judging by the market's reaction, that was the right call.
In the past few days, we've seen strong moves fueled by optimism—but now that the catalysts have played out, the market is showing signs of consolidation. Today’s price action is actually more straightforward compared to the last two sessions.
We're seeing stronger waves of profit-taking—this tells us there's more meat on the bone for short-term trades. I’m not always focused on the long-term picture. Instead, I take each day as it comes, locking in gains on every move.
The key now? Stay nimble, read the waves, and take profits when the market gives you the chance.