Club Target Review: $ETH Short Position
Although the Federal Reserve cut interest rates as expected, Powell's hawkish remarks led to a sharp decline in the market, resulting in a waterfall-like downward trend.
However, the club believes that the current decline will not last, and the market is likely to experience a rebound, which is why we led everyone to participate in a short-term long position on ETH.
ETH Operation Review:
We set our entry point around 3580 and added positions near 3550. The market dipped to a low of 3540, perfectly hitting our add-on point, and then the market rebounded as expected, reaching a high of 3665, yielding over 100 points in profit.
In this downward market, although it is filled with crises, it also contains opportunities. Especially in contract operations, only with proper planning of entry, adding positions, stop-loss, and take-profit points can one seize profit opportunities amidst volatility. #ETH🔥🔥🔥🔥