9-24 Ethereum market update reminder
Let the leveraged lenders play first. With so many short-side entries, this cleanup is only a matter of time;
At the moment, our focus is on long positions around 2570, with a stop loss at 2540. We’re not considering taking profit at 2850 for now—we’re still pending.
Scenario 1: If during the rise of 2570 there is an increase in “long-side data,” then everyone can take profit around 2670 and immediately flip to short again. The target would look toward 2350, and then we’d watch for a further rally up to 3200.
Scenario 2: If during the rise of 2570 there is no increase in high-frequency long entries, then we simply change the 2850 take-profit level to 3000 or 3200.
This is another chance to grab a big fat slice, because there are simply far too many short-side data. At present, on the smaller timeframe, accumulated short-side data is already close to 10 times the long-side data. A big uptrend is definitely going to happen—it’s just a question of how the price will rise.
Everyone, trade steadily. What we need is the risk-reward ratio, not the win rate. Set your stop loss and make bold attempts.
Let the leveraged lenders play first. With so many short-side entries, this cleanup is only a matter of time;
At the moment, our focus is on long positions around 2570, with a stop loss at 2540. We’re not considering taking profit at 2850 for now—we’re still pending.
Scenario 1: If during the rise of 2570 there is an increase in “long-side data,” then everyone can take profit around 2670 and immediately flip to short again. The target would look toward 2350, and then we’d watch for a further rally up to 3200.
Scenario 2: If during the rise of 2570 there is no increase in high-frequency long entries, then we simply change the 2850 take-profit level to 3000 or 3200.
This is another chance to grab a big fat slice, because there are simply far too many short-side data. At present, on the smaller timeframe, accumulated short-side data is already close to 10 times the long-side data. A big uptrend is definitely going to happen—it’s just a question of how the price will rise.
Everyone, trade steadily. What we need is the risk-reward ratio, not the win rate. Set your stop loss and make bold attempts.
