The ETH trend is similar to what Long Ge said, pay attention to the wash trading and pullbacks. This morning, Long Ge mentioned that ETH is preparing to pull back to 2660-2700, and after a day of movement, it has washed back again!
Many big players rushed to chase long positions this morning, and it was impossible to stop them. You see, in that kind of market this morning, if you don’t hold your positions, who will? It has been a day of slow decline. It’s obvious that the main force is washing out long positions; the main issue now is whether they will continue to wash people down. In fact, you can pay attention to today’s liquidation numbers; a significant number of liquidations indicate that the main force has achieved its washing purpose.
For those asking about strategies, refer to the previous article. What Long Ge wants to say is that those who opened positions following the last article must set stop losses. After all, Long Ge is not a market maker. Everyone who opened long positions should set their stop loss at 2630, which is the lower end of the weekend’s range. If it breaks below this level, it indicates that the main trend is downward. There’s no need to open long positions anymore!
Following Long Ge’s strategy to open positions, I’m not saying you will make money on every single trade, but if you follow Long Ge’s thinking, the accuracy rate is still above seventy percent. Moreover, Long Ge sets stop losses for every trade, after all, strategies can’t keep up with market makers’ changes!
Remember to hit follow so you don’t get lost, and if you have time, give a thumbs up!