ETH's current trend, short-term traders need to stay alert. My advice is to set your stop-loss properly before taking action.
The approach this time is very clear: 3285 is our main profit target. If this level cannot be held, then see if 3200 can support. If even 3200 breaks, the weekend's low liquidity might cause a deeper decline.
Currently, our entry point has been positioned at the upper resistance level, with the stop-loss set near the second resistance at 3275—this is the bottom line, and no hesitation is allowed. If the stop-loss is triggered, then consider shorting again around 3380, but the stop-loss for that position must be placed at 3410. In a weekend environment with thin liquidity, once the direction is wrong, even a 100-point rebound can be uncomfortable. The downward momentum is often more fierce than you imagine.
So the key is: protect your first position, and if stopped out, have a second plan ready. Don't lose your composure after just one stop-loss.
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EntryPositionAnalyst
· 12h ago
Even with such poor liquidity over the weekend, you still dare to act? I'm feeling confident now.
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LiquidityNinja
· 12h ago
Talking about stop-loss again, really, during weekends, if you choose the wrong direction in this kind of market, it's a straight path to bankruptcy.
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AirdropHunterXM
· 12h ago
With such poor liquidity over the weekend, do you still dare to short? Your courage is really impressive.
ETH's current trend, short-term traders need to stay alert. My advice is to set your stop-loss properly before taking action.
The approach this time is very clear: 3285 is our main profit target. If this level cannot be held, then see if 3200 can support. If even 3200 breaks, the weekend's low liquidity might cause a deeper decline.
Currently, our entry point has been positioned at the upper resistance level, with the stop-loss set near the second resistance at 3275—this is the bottom line, and no hesitation is allowed. If the stop-loss is triggered, then consider shorting again around 3380, but the stop-loss for that position must be placed at 3410. In a weekend environment with thin liquidity, once the direction is wrong, even a 100-point rebound can be uncomfortable. The downward momentum is often more fierce than you imagine.
So the key is: protect your first position, and if stopped out, have a second plan ready. Don't lose your composure after just one stop-loss.