$ETH Today, August 11th, let's review our Ethereum positions over the weekend and how we managed to go against the trend. I hope this brings you a glimmer of operational thinking for the future and helps you avoid unnecessary losses!
Yesterday around noon at 11 AM, the entry average price for the Ethereum long position was approximately 4220-4230, with a margin call at 4185, a stop-loss at 4156, and a target yet to be determined (Image 1).
Around 1 PM, Ethereum reached 4265. To maintain the structure, no decision was made, and then the market began to decline.
At around 4 PM, the market dipped to 4161. Undoubtedly, the margin call at 4185 was triggered, bringing the average price to 4200, and it almost hit the stop-loss level. Perhaps my stop-loss was too good, or maybe fate was on my side. Then it began to rebound to 4200, peaking at 4232. At this moment, I quickly adjusted and sold all the margin calls, continuing to place a margin call at 4165 (Image 2).
At 10 PM, Ethereum continued to dip to 4160. It was obvious that the margin call at 4165 was triggered again, bringing the average price near 4185. Finally, at 11 PM, this farce ended at 4220 (Images 3 and 4).
To summarize: In the end, it’s definitely about making profits. Opening a 100X position is close to flipping the account. Many might ask why there was no swing trading. I was wondering if Ethereum could break through 4300, so I stayed in the position without exit, allowing the average price to drop sharply through technical analysis. I believe my naked K-line skills are still decent, reaching precisely every time. The market sentiment is very complex, and I can only grasp a little, let alone you. 🤣
