Ethereum Order Strategy Sharing (12.4)

1. Good evening everyone, I am your Chen Mengsheng. I've seen many family members get the short position on the big pie. I'm notifying you to withdraw it. This was a misjudgment on my part. The big pie broke through the upward channel without showing a clear retracement trend. We still have a short position on SOL, so to avoid losses, I let you withdraw and keep the SOL position, which is currently at a profit of 10 points. Everyone should adjust to protect their capital or take profits accordingly. This position belongs to the medium-term category, with the final take profit around 210. The situation with the big pie is quite complicated, so we can shift our focus to its sister Ethereum. The failure of Ethereum to reach a new high has led to a natural pullback. Today's Ethereum is particularly strong. The 4-hour chart is oscillating between the 3500-3800 range, so there is still strong selling pressure near 3800 on the chart. The last time it reached a high and naturally pulled back is similar to the current pullback to test the high, akin to a cyclical pattern. Therefore, for this trade, we choose a high short position. It is important to note that the daily Bollinger Bands have not shown a clear topping signal, meaning that when the US stock market opens, Ethereum might still make a false spike up. This time, we aim to capture this spike to enter the market!

2. Having shared my personal opinion, let's talk about the order placement. Enter the short position around 3740-3770, with a thinner stop-loss. The exact amount should be adjusted based on your position size and leverage usage. Everyone should arrange it reasonably. Please stop asking me how much the stop-loss is; I fear the team will scold me, haha. Please understand, family members. Set the target around 3520. Alright, family members, this week's market sentiment is still very strong. You place your orders, and I will go DJ! The building must shake! Haha! 😎 $ETH