$ETH $ZEC Shorting is a journey to the stars and beyond
How much have you guys made shorting the rebound in major coins? Yesterday, I just didn’t expect it to rally above 2500, but as expected, 2500 was the breakeven zone for long positions. Selling pressure was heavy, so it couldn’t hold there for long. I opened a short at 2480 and added one more position above 2500. This short trade returned 2x!
Don’t try to catch the bottom intraday. After a short-term high forms, selling pressure and bearish sentiment can continue to spread. You can wait until tonight for 2400 to hold, then look to go long at lower levels. In the short term, selling pressure overhead is indeed heavy, but the order-book structure around the 2400 bottom is very strong.
So there’s no need to panic over a short-term pullback. If you’re holding long positions, you can wait for a signal that the price has stabilized above 2400. Brother Yang will keep an eye on entry points throughout the day. Levels are posted on Plaza with a delay, so get the heads-up here first 👇
$AKE
#以太坊突破2500美元 #股票财报季
How much have you guys made shorting the rebound in major coins? Yesterday, I just didn’t expect it to rally above 2500, but as expected, 2500 was the breakeven zone for long positions. Selling pressure was heavy, so it couldn’t hold there for long. I opened a short at 2480 and added one more position above 2500. This short trade returned 2x!
Don’t try to catch the bottom intraday. After a short-term high forms, selling pressure and bearish sentiment can continue to spread. You can wait until tonight for 2400 to hold, then look to go long at lower levels. In the short term, selling pressure overhead is indeed heavy, but the order-book structure around the 2400 bottom is very strong.
So there’s no need to panic over a short-term pullback. If you’re holding long positions, you can wait for a signal that the price has stabilized above 2400. Brother Yang will keep an eye on entry points throughout the day. Levels are posted on Plaza with a delay, so get the heads-up here first 👇
$AKE
#以太坊突破2500美元 #股票财报季