The previous analysis about ETH seems to have been more or less validated now. ETH has risen to around 3120, and from a technical perspective, this level may face some resistance.
If you're considering shorting, I personally think the 3130 to 3140 range would be a relatively reasonable entry point. Take profit can be set around 3050, and I recommend setting a stop loss at 3190—this way, the risk-reward ratio is still acceptable.
Of course, this is just a judgment based on the current trend. The core of short-term trading is still not holding onto positions stubbornly, not being greedy, and strictly executing take profit and stop loss. The market changes rapidly, so be sure to manage your risks properly.
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GasGuzzler
· 12-09 23:49
Oh no, the 3120 level is indeed a bit risky. Be careful not to get trapped.
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GasFeePhobia
· 12-09 13:31
Anyone who shorted at 3130 is going to get burned; this rebound is far from over.
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Layer2Observer
· 12-09 13:09
Whether 3130 breaks or not is the key; if it breaks, the logic will have to be reconsidered.
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DeFiCaffeinator
· 12-07 19:50
If 3130 is broken, the risk will increase significantly. This time it doesn’t feel as clear.
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ProveMyZK
· 12-07 19:49
The 3120 level does seem a bit shaky; I noticed long ago that it might drop.
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SigmaBrain
· 12-07 19:38
Directly short after the 3130 breakdown, this move is truly textbook trading.
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GateUser-02a6cf5d
· 12-07 19:37
Lose 50 points, gain 80 points 🤣
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GlueGuy
· 12-07 19:34
Short at 3130. If it breaks 3190 this time, I'll admit defeat. I agree with not holding onto losing positions.
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GasBankrupter
· 12-07 19:34
3130-3140 is really a good short entry point; their previous analysis was indeed reliable. The key is to stick to the stop loss at 3190, otherwise, it’s all for nothing.
The previous analysis about ETH seems to have been more or less validated now. ETH has risen to around 3120, and from a technical perspective, this level may face some resistance.
If you're considering shorting, I personally think the 3130 to 3140 range would be a relatively reasonable entry point. Take profit can be set around 3050, and I recommend setting a stop loss at 3190—this way, the risk-reward ratio is still acceptable.
Of course, this is just a judgment based on the current trend. The core of short-term trading is still not holding onto positions stubbornly, not being greedy, and strictly executing take profit and stop loss. The market changes rapidly, so be sure to manage your risks properly.