#ETH
There’s really nothing to hide—if you want to see it, go ahead. In theory, I haven’t lost anything; I’m just using profits to take a chance. The main outlook is still bearish, and the orders I’ve placed are all for adding to my position. The main reason I don’t post them is that the amount of capital is small and it’d be embarrassing. The win rate is okay, I guess. I think maybe tomorrow night I’ll be able to add at the right level. I’m not particularly bullish; I’m just worried it won’t go up. I’m keeping my starter position so I can add if it rises, rather than having no open position and wasting time waiting around. Even though I’ve been short from 2288 the whole time, why keep the short from 2250? Because no one can predict how this kind of gamble will play out. Ideally, the price rises and we open a short, but what if it doesn’t? When the price is near a resistance level, there’s not much point in not taking a short. Looking at the chart, there’s resistance at 2350. Does that mean most people are trapped above 2330–2350? The chart tells us they’re stuck, so let’s not get caught up in that—we go with the trend, understand? The normal interpretation is that we should focus on shorting, with stop-losses set. Since I’ll probably add around 20 ETH to the position, I’ve set the resistance level as my entry point. If it breaks through, I’ll cut the loss. There’s no other level worth taking a chance on right now. The market is moving sideways, still sweeping liquidity. It could just keep whipping up and down—there’s not much to trade on. But you still need to trade around key levels to avoid getting left holding the bag. As it approaches support, we go long; as it approaches resistance, we go short. It’s that simple.
There’s really nothing to hide—if you want to see it, go ahead. In theory, I haven’t lost anything; I’m just using profits to take a chance. The main outlook is still bearish, and the orders I’ve placed are all for adding to my position. The main reason I don’t post them is that the amount of capital is small and it’d be embarrassing. The win rate is okay, I guess. I think maybe tomorrow night I’ll be able to add at the right level. I’m not particularly bullish; I’m just worried it won’t go up. I’m keeping my starter position so I can add if it rises, rather than having no open position and wasting time waiting around. Even though I’ve been short from 2288 the whole time, why keep the short from 2250? Because no one can predict how this kind of gamble will play out. Ideally, the price rises and we open a short, but what if it doesn’t? When the price is near a resistance level, there’s not much point in not taking a short. Looking at the chart, there’s resistance at 2350. Does that mean most people are trapped above 2330–2350? The chart tells us they’re stuck, so let’s not get caught up in that—we go with the trend, understand? The normal interpretation is that we should focus on shorting, with stop-losses set. Since I’ll probably add around 20 ETH to the position, I’ve set the resistance level as my entry point. If it breaks through, I’ll cut the loss. There’s no other level worth taking a chance on right now. The market is moving sideways, still sweeping liquidity. It could just keep whipping up and down—there’s not much to trade on. But you still need to trade around key levels to avoid getting left holding the bag. As it approaches support, we go long; as it approaches resistance, we go short. It’s that simple.
