Don't ask whether it's time to bottom out now, it's still not the bottom. There is a chance for a rebound. If you are an expert, I suggest the left-side daring team to catch rebounds at these positions: 2450, 5% → 2400, 10% → 2350, 15%. Use the pyramid strategy for bottom fishing, don't be greedy, take some profit and run, quick in and out!
For right-side breakout, light positions can chase the uptrend at 2580 on a volume breakout, targeting 2680. If it breaks below 2490, chase the downtrend with a target of 2420. This strategy tests operational skills and market sense, but most importantly, the mindset!
Friends who know me are aware that I often take short positions. In cases where market trends are clear, I trade both long and short!
A bloody warning: similar trend in March 2020, ETH fell from 2550 to 1780 before hitting the bottom, a drop of 30%.
Friendly reminder: cash is king, survive to pick up bloody chips!
A short-term violent rebound is imminent within 24 hours, but the medium-term decline targets 2350-2420, which will trigger my three-phase execution plan, to be announced in real-time!
Follow the trend to live more easily. The volatility of PPI data will be 1.5 times that of CPI. If you are feeling lost and have no direction, I suggest staying in cash! Click to follow for my latest analysis! 🔝🧐
