Urgent notice, $ETH has reached 3595, and this wave of long orders has reached a new high in May.
There are rumors that the SEC will make a 180-degree turn on the issue of approving the spot Ethereum ETF. This is an opportunity for ETH and a nightmare for contract players. Judging from the market conditions when the ETF was approved last time, this market will kill both long and short positions, so it is also the most difficult time to make a market.
Lao Tang suggested that ETH should make trend orders, and not high-short and low-long orders. Next strategy:
ETH: 3338-3451 open long, 3258 stop loss, 3700 take profit
(This order is a light position test order, don’t open a heavy position!)
