The injection last night was not just a simple needle prick—it likely washed away the floating funds and left opportunities for those who were truly prepared to get on board..........
The current position may be awkward, but it is also crucial.
If $ETH is really going to rebound, then the 'previous low' cannot be broken. Once it holds, a small level rebound could brew this weekend, potentially driving a larger level sideways bottoming.
Some have already bought at the bottom last night, and for those with floating profits, make sure to set a trailing stop; don't be too greedy.
For those in loss, don't hold on stubbornly; losses must be cut, and the previous low is the key defensive level.
Right now, the focus is on the 2430 level. Only by stabilizing above this level can the market possibly reach for higher.
But what if we can't even hold this threshold?
Then don't fantasize; the market will continue to explore downwards—2380, 2340, or even 2280. You need to have these levels in mind ahead of time.
No need to say more; some can understand, while others can't.
But if you've been losing recently, always one step behind the market, chasing and then getting wrecked...
Then you should reflect on whether there is something wrong with your strategy. Look at how I do it.
