4320 short orders are trapped? The key to getting out of trouble behind the ETH surge! Three tricks to help you counter the main force!!
Brother Te, I opened a short order at 4320 at 10 PM last night. Now ETH has soared to 4800, what should I do?” At three in the morning, this private message exploded in my inbox like a bomb.
First trick: 4620 support level game
Look at the picture! ETH is stuck at the key support level of 4620.
If it breaks through, the short order may recover to 4400;
If it holds, the rebound may go straight to 4745.
Brother Te's operation suggestion: Add 1/3 of the position near 4620, and pull the cost to 4450; rebound to 4745 to close half of the position and lock in profits, and set a moving take profit for the remaining position.
Second trick: Resonance of news and technical aspects
The surge last night was due to Powell's “dovish” speech, but the main force took the opportunity to wash the market – look at the trading volume, the volume increased during the rise, and then shrank.
Crack: Only look at “unexpected” events in the news, such as a 50 basis point interest rate cut; keep an eye on the BOLL upper rail in the technical aspects. If it does not break through, the short order still has a chance.
Third trick: Turn being trapped into arbitrage
Getting out of trouble ≠ clearing positions! Assuming the cost drops to 4450, close half of the position first if it rebounds to 4888; close 10% of the remaining position for every 100 points increase, eating meat and protecting capital are both correct.
Currency trading mentality:
Don't predict, just respond; operate with fractional positions, don't all-in; only act when the news and technical aspects resonate.
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