Are beginners doubting life due to the market drop these past couple of days?
Do not go long, do not go long, do not go long!
It's important to say it three times. You want to catch the bottom, but the market wants to catch you off guard!
Since the day before yesterday, I have repeatedly emphasized that my expectation before sleeping yesterday was to short around 3400 on a pullback. Unfortunately, the bulls were too weak, and the orders basically couldn't get filled. Currently, the market has temporarily broken the key level of 3310 heading towards around 3220 (the final target for the drop I provided to my fans yesterday), which is also the liquidation point for many fans!
ETH trading strategy for today 20250109
Currently focusing on the strong resistance level of 3320-3330. My thought process continues to be to mainly hold small position short orders at this level, with a stop loss at 3355 for reference only.
Target near 3275, during the day likely to continue fluctuating!
Success rate: 70%
Note: The market cannot follow predictions 100% of the time, strictly implement stop loss, I only engage in high-probability trades.