Let's talk about Ethereum's long positions (8.6)

Continuing with Ethereum's long positions, we can discuss this because the market is very chaotic; it's fair to say it's a garbage market. For those who entered long positions between 3550-3580 yesterday, they are now seeing a profit of 40-60 points. Even if you don't take profits, you should set a stop-loss to ensure you don't lose. The MACD indicator is already showing a bearish pattern, and the KDJ indicator has not broken through yet. There is still a lot of uncertainty. The current market structure is unclear; managing to catch a wave would be quite good. If Ethereum can't break through 3700 by the end of the day, then we might consider switching to a short position. Generally, the M-top double peak is unlikely to break out. The weekly K-level bullish trend is shrinking in volume. The probability of the Bollinger Bands retracing to the middle band is very high since the lower band is trending downward. So if we want to go long, we still can't be greedy; it's best to take some profit and retreat. Furthermore, the performance of Bitcoin and SOL can only be described as sluggish; there's no significant rebound, and it feels more like a continued platform-building for unloading. Having said all this, the current market can only be observed, and there's no action to take. Everyone should consider whether to take profits or continue monitoring the situation! $ETH