$ETH Let me first recap our operations for everyone, as there will be many new friends following us, and many old friends who haven't been consistently watching.
Our short position was entered at 4373, where we made 150 points, took some profits along the way, and then set a breakeven stop loss after taking profits to ensure we wouldn't lose money on this trade. This can be verified by prior announcements. For this trade, we can basically say we exited at breakeven or made a small profit.
This sudden spike was indeed something we couldn't predict. Some were bullish, but who can confidently say the market will rise 500 points tonight? It's all based on speculation since it's not a critical level. Now, we have broken through the previous high, and the current market price is 4750. We can take a small short position and set a stop loss above the previous high. Isn’t that a good risk-reward ratio? If we get stopped out, we will observe with a flat position. Remember, we are trading, not gambling; we only enter when the odds are in our favor.
The target can initially be set at 4640 to 4680, take a small profit and retreat, or after reaching the target, pull the breakeven stop to leave a core position and continue to watch. If a reversal occurs, we will immediately reverse our position.