#ETH Sharing my logic for closing my short position and re-entering last night. At 10 PM last night, the price broke above POC4580 and VWAP4640 and stabilized briefly. At this point, the three invalidation indicators of the DAF-DX strategy had already been triggered, so I chose to hedge and take profit. At the same time, I predicted that the price would aim for VAH4720, so I placed a short order at 4720.

About an hour later, the price broke below VWAP4640 again and the rebound did not break (which can be determined as a false breakout of the earlier POC and VWAP).

Meanwhile, the open interest funds for the contracts decreased by 2B from the peak (the funds from the market maker have been flowing out).

At this point, I believed it would be difficult to challenge 4720, so I immediately opened a short position at market price while keeping the order at 4720 (to guard against a spike).