July 10th Fourth Long Ethereum Review

Process:

1. Entered long position at 2768, added to 2780;

2. Repeated operations in between, averaged out at above 2900;

3. Due to this being a major market movement, the overall trend was very complex. Experienced a push to 2812, pulled back to 2793; pushed to 2829, pulled back to 2814; pushed to 2839, pulled back to 2794; then directly surged to 3006. Since I had never seen such a large market before, I didn’t dare hold on all the way. I repeatedly sold and bought at several positions, buying again if the pullback held, selling when faced with resistance;

4. To further summarize experiences and analyze the market, I completely closed my positions today.

Positive Aspects:

1. Judged that after the spike at 2756, as long as it did not break the level, I decisively started buying in batches near 2768;

2. I was not scared out of the market by repeated spikes, holding on until the major market movement arrived.

Shortcomings:

1. Did not maximize profits. First, my experience is still insufficient; second, I have not seen such a large market before;

2. The summary is that to maximize profits, one must either believe that Ethereum can reach 3000 points and hold on; or do rolling positions, but this requires precise control of the pullback levels, otherwise, a single pullback could lead to exiting the position;

3. Tried shorting twice in between, once with quick hands, making a profit; once too slow, resulting in a loss. The loss was slightly greater than the profit. This means that during a rapid increase, one can short as well, but it needs to be very quick, and once the pullback forms a bottom, one must immediately close the position.

$ETH