ETHFI Order Placement Strategy Share (12.10)

1. Good evening everyone, I am your Chen Mengsheng. If the evening rebound strength is still weak, we need to close positions and prepare to go short. Yesterday's short position on SOL was quite dramatic; it was spot on and very interesting. Today's intraday rebound on SOL is slightly weak, and at the 4-hour level, it has basically been sideways without much fluctuation. We won't consider making moves on Bitcoin for now due to insufficient reference. Today, let's focus on the secondary position. Pay attention to the 4-hour chart where ETHFI has broken down from the rising channel, currently seeing a close with a nearly 25% amplitude. There are no signs of a drop. The old strategy still applies: we will lay out short positions at the peak of the first long bearish candle, which is at the neckline area, to capture a wave of natural pullback. Since Ethereum is oscillating at the end of the channel, there is still a lot of upward space in the evening. Therefore, we will place our short position a bit further away. When I say high short, I don't mean that it will definitely rise, but that this position has a greater chance of being profitable and offers better protection. Please do not misinterpret my meaning!

2. Having discussed the general strategy, let's talk about the specific entry points for going short. Enter short positions around 2.73-2.83, targeting around 2. You can take profits in batches. For those holding long positions in SOL, please arrange accordingly. Alright, this week the state is again very strong. No more talk, let's get you on the DJ! $ETHFI