12.1 Ethereum Market Reminder

11.30 Ethereum high-altitude data reminder

The bulls who chased the long position after breaking through 3670 today are currently trapped at an average price of around 3680, and there is also a large long order of more than 1 million U. Therefore, we have no pressure at all at the high-level short position of 3720. Even if we take the principal loss of 3710, it is difficult to wash us out. If we want to put pressure on the high-altitude order, we need to release the average price of chasing the long position at the key position of 3680, and at the same time release the average price of the large order. We think this is not an ideal control idea, because it may cause many bulls to turn into short ideas after leaving the market. Of course, our judgment may be wrong, but the stop loss point is very small, and it is worth exchanging for this huge profit space.

At present, the long position data of Ethereum has reached 89%, and the greed index of bulls for a currency has reached 93, which is only 7 points away from the 100 liver explosion index.

Therefore, our 30-point defense is equivalent to Shunzhuang, putting our chips on the side of the advantage chips. And to clear our 3750 stop loss, we need to release so many long average prices and give the longs a small profit margin.

If it can really rise, it must be a big "game", so this is why we firmly hold shorts.

But at present, do not increase your position, and do not hold a heavy position. Just wait patiently for the decline. Once the real decline begins, it will inevitably accelerate. #以太坊时刻到来？ $ETH