2026-01-02 11:23:09

The short positions over the past four days were broken through this morning, and I had to exit after giving back 50 points. I immediately reversed and went long again, regaining 30 points, so I guess I was a bit lucky. At 4 PM, I saw a pullback around 3015 and initially wanted to add to my long position but ultimately didn't dare to enter. On second thought, it's a good thing I didn't because it has now risen to 3068.

Honestly, from a technical perspective, this wave of market movement still has downward pressure. The overall structure doesn't seem to suggest a continued upward push. So my current plan is to prepare for another short to see if I can get stuck in a rebound at a high level.

Of course, this is just my personal trading idea. What do you all think about this level? Now, as the crypto market's regulatory framework around the world is gradually improving, the trading logic is also changing, and purely technical analysis might not be enough. ETH has been quite active recently, with considerable volatility. What are your thoughts?

ETH2,91%

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DegenApeSurfer

· 3h ago

Haha, another day of chasing highs and getting whipped. 50 points of retracement really hurts, but turning around and gaining 30 points isn't too bad. But now at the 3068 level, it's empty... feels a bit fierce. This wave is indeed under a lot of pressure, the structure looks like it might adjust, but don’t rely too much on technical analysis; regulatory shifts can make everything useless. Gambling still depends on luck. I feel like ETH's activity this round is a bit over the top, maybe the big players are digging a trap. Your stop-loss awareness is pretty good; avoiding the 3015 pullback probably helped you dodge a wave. Waiting to see the result of your short position, to see if you can really get stuck at a high level.

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MerkleDreamer

· 3h ago

Haha, a 50-point retracement is a bit painful, but grabbing 30 points in return is still okay. Wait, do you still want to go short now? It feels a bit like gambling. Regulation has indeed changed the game rules; relying solely on candlestick charts is too naive. With ETH's volatility so high, who can say for sure? I'm just lying back and observing now.

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DeFiVeteran

· 3h ago

It sounds like I have some reservations about shorting at high levels. Now that regulatory expectations have changed, the entire game has shifted. I believe in the technical pressure, but is 3068 really a high level? Who knows. This wave of market movement is a bit crazy. I prefer to wait and see. A 50-point retracement is too painful. If it were me, I would have already lost my mind.

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GasFeeBarbecue

· 4h ago

50 points retraced, how strong must the mentality be to immediately turn around... I'm afraid I might smash the keyboard Switching to long to recover 30 points and still dare to say it's luck? Bro, this is skill I also don't dare to chase at the 3068 level, it feels a bit虚 Pure technical? Regulation is more convincing than candlestick charts, my friend But to be honest, ETH has been quite lively this wave, short-term short or long is really hard to judge

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