🔴｜February 8th Midday ETH Real-time Analysis
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Last night's market was too extreme, the market makers used data to clear positions up and down, so I maintained a flat position last night.
As I mentioned a few days ago, the middle position is not for making a profit. Because when faced with last night's ups and downs, whether you short or go long, you will get trapped. Those with higher leverage will be directly liquidated.
Now we are looking at a short-term perspective; ETH is unable to rise from this position. So we will continue to short.
🔻 The small cycle of testing the bottom will continue, and the rebound strength after hitting the bottom is weaker each time.
There is no doubt that stop losses should be placed above the resistance.