The long position in Ether has ended this time, let's review
Process:
1. Abandon the short position at 2615;
2. Add long positions at 2603, 2601, and 2695;
3. Close the long position at 2610.
Result:
Just okay, made enough for a pack of cigarettes, not very satisfied.
Positive aspects:
1. Could see the market trend showing resistance at the second peak of 2620, and during the pullback, noticed the pullback was slow and lacked volume, which indicated a weakening of the bearish trend, along with accumulation by bulls and shakeout;
2. Timely closed the short position and opened a long position;
3. Accurately identified the peak at 2647;
4. Set a breakeven stop loss.
Areas for improvement:
1. The closing position for the short and the opening position for the long were not ideal, lacking precision. Needs improvement, could be more accurate;
2. Did not set more accurate take profit and stop loss levels;
3. Did not reduce positions at the peak of 2647;
4. Overall entry and exit positions were not well controlled.
Find a position to open a trade again, keep pushing forward... 😅
