#ETH Current Operating Suggestion: Defensive Bears Must Transform
If you are still in a short position, it’s not that you can’t hold, but you must set a clear stop-loss. Once it breaks 3000 and stays above, if you don’t stop-loss, the market will 'force liquidate' you!
Don’t harbor fantasies: waiting for it to rise to 3100 before cutting? By then, your psychological anchor point will have changed to 3200. The most common death trap for bears is 'not believing in the trend + being reluctant to cut losses'. The final result is turning unrealized losses into realized losses, and from realized losses into liquidation.
On the contrary, if you can go with the trend and timely switch to long positions, above 3000 is a vacuum zone, where the gains from adding positions and chasing the rise far outweigh the risks.
This is a typical 'Invincible Bull Zone', where the risks actually decrease and the profits increase.