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Observing Ethereum's performance around 3130, there is indeed a clear buying interest below that level. This weekend, market liquidity was already insufficient, which is why we saw a rapid spike to 3115, only to be quickly pulled back. This kind of sharp rise followed by a slow decline is a typical characteristic of main players offloading their positions. Retail investors aiming to absorb chips at lower levels should be cautious.
As for my trading plan, it is as follows: First, set a proper stop-loss level; protecting the principal is the top priority. Then, gradually close positions in stages—initially reducing about 70% of the holdings around 3100, and the remaining part will depend on the subsequent market trend. If the support can hold, set the target between 3050 and 3000. This approach not only locks in profits but also leaves room for a potential rebound.