12.17 Ethereum Market Reminder

Place a high short order at 4250, with a stop loss at 4300, and wait patiently...

Do not chase shorts; there is a high probability that it will deal a fatal blow to the shorts before accelerating the decline. Let’s assume we analyze the key operational positions from the perspective of the market makers. This is definitely not the best position to sell high; of course, our judgment may be inaccurate, but as long as there is a decline, there will be opportunities to enter, even if it just means earning a little less.

If you chase a short at this position, it is undoubtedly a retail mindset; opportunities are to be waited for. If you do not break the shorts' decline, the range will be very small, and chasing in is meaningless.

So just place a high short order at 4250, and start building positions in batches around 4200 to manage your position.

If you really want to trade, at this position, you can only look for long opportunities and not chase shorts.

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