5 days ago, my ETH short position was stopped out, and I took a break from trading during this period. I waited for the market to come out.
Sure enough, when I woke up this morning, I saw ETH was at 3700, up more than 600 points overnight!
We will continue to analyze the trend before the suspension.
From the following picture and my previous post records, I stopped updating the last post. The trend is at the following dotted line position, the bottom of the center before the decline, and then stretched to more than 3000. I was stopped at this wave of pull-up, and exited with a small loss, and then stopped updating for 5 days.
Today is my first post since I stopped updating!
Let’s take a look at the following analysis!
After rising above 3000 and hitting the stop loss, it quickly fell back to the central axis position, which is around 2918, and then rebounded to around 3051-3146, and then continued to stretch, reaching more than 3700 this morning!
It's a pity that I didn't take this wave of rising market into account, but I didn't lose money either.
Because I was following the trend, I was bearish on ETH at the time, so I would only go short when the price went high. I couldn’t go long, and it was better not to go long than to lose money.
Now the opportunity has come, I am still short on ETH in the short term.
I also have to thank the market for giving me this opportunity, allowing me to enter the market at a relatively high level. If I had taken a few days off, I would have probably been liquidated long ago.
Because those who follow the trend may go short directly from 3200 to today's 3700. I don't know how many times my stop loss will be hit in the middle, so I am lucky!
Opportunities are waiting to come out😜
