Not at the position I want 😇🥶

"Ethereum surged to 3700! My profit-taking strategy and future market layout—light shorting, buy on pullbacks!"

This afternoon, I didn't analyze too much because Ethereum's price movement has reached my expected target (3300-3700 range). Especially near 3650-3700, I chose to close part of my positions to lock in profits, after all, the weekly level has reached a key resistance level.
Although Ethereum's rise is strong, the subsequent market trend is hard to predict. I have taken profits on my spot and rolling contracts set up in the 2300-2600 range, and holding at this stage carries high risks. Additionally, with the end of the U.S. crypto week approaching, the market may experience fluctuations, so it's more prudent to stand aside and observe. I am shorting at the top but not bearish
Short-term strategy:
Lightly short around 3720 (stop loss near 3780), this is just a small bet against the resistance level, not a bearish stance.
If there is a pullback to the 3450-3300 range over the weekend, I will observe good positions at the lower levels of 3100-2900, optimistic about the medium to long-term trend.
Key points:
Do not blindly chase highs and sell lows: There is clear resistance above 3700, but the timing for a major pullback has not yet arrived, the probability of a deep drop (like 3100) is low.
Be flexible: If there are profits on short positions, hold them; consider adding to the position if it breaks down; if it directly drops, 3100-2900 is an ideal point for long entries.
Long-term optimism: Ethereum's fundamentals are strong, pullbacks are opportunities to enter, the next wave of market movement is worth looking forward to! Everyone is welcome to discuss together.
Summary: Protect profits, wait for opportunities; every pullback in a bull market is a gift! #币安HODLer空投C #山寨币突破 #ETH突破3600