$ETH Urine type, from 3:30 to 5:30 in the morning, there's another double kill of long and short positions. However, if I don't chase the long, you can't kill me. It's definitely correct to build a position when the price is high. I entered a short position at 3450 in the first wave, targeting 3361, with a spike to 3372, taking profit at 3380. The strategy is publicly available at 3 o'clock in the square; it's not about the pattern, the current price level is only suitable for a short position.

After Ethereum spiked to 3372, Bitcoin rose synchronously by 120,000, breaking the sideways trading state of the last two days and overcoming the resistance at the integer level.

I placed a short order at 2480 for Ethereum and prepared to sleep, at that time it was around 2400, not considering a large probability of entry. Currently, I only have this position. Ethereum first rebounded to 3410, and once the 15-minute line stabilized, it immediately shot up to the integer level of 3500. However, I still want to assess the situation with this order; I set my stop loss at 3520 and take profit at 3361.

So, why can this operation be conducted?

1. The core evidence of a double kill:

The bullish price stabilized at the Bollinger middle track of 3426, with the MACD red column maintained (5.64), not breaking the previous low of 3310, including support at 3360.

The bearish signal shows that volume is shrinking, and the RSI three lines are sticking together (59.53/58.40/56.22) → direction is unclear, three tests of 3500 failed → forming a "three peaks resistance" |.

2. On-chain long and short competition is intense:

The bullish fortress at 3450-3470 has accumulated 68,000 ETH buy orders worth about 2.35 billion.

The bearish stronghold at 3480-3500 has ambushed 42,000 ETH sell orders worth about 1.45 billion. The goal is to utilize the maximum pain point of options at 3500 to reap a double kill.

If I had entered a short position near 2480, I could have taken a profit of 50 points near 3430, which would still be acceptable, after all, it's a short position. If it stabilizes at 3470, it could be quite dangerous.

For me, since I have profits, even if I stop loss, I won't incur a loss. I'm looking at 3361; first, I need to check the support at 3420, and then break 3380. For myself, a stop loss at 2520 and a take profit at 3361 gives a risk-reward ratio of 1:4, which is relatively a good choice. If I stop loss, I won't feel sorry 🤡

Below are tonight's Ethereum, the opening points and times for the 1st and 2nd, building positions at highs. Now it's rebounded to 3488, which is not a big issue. When I wake up, the position will definitely not be there, so of course, it's take profit 😻

Regardless, there will still be a wave of one-sided market conditions coming up. Today is Friday, but there will still be market movements over this Saturday and Sunday-!

When trading contracts, be sure to set stop loss and take profit!