The data has drawn a red line: if it falls below $1,600, approximately $682 million in long positions face liquidation risk. This is not only a breach of the support level but also a blow to the "main base" of the bulls.
Therefore, developing a disciplined trading plan is key to surviving in this Year of the Horse. Here is my first ETH plan for the Year of the Horse:
· Stop-loss (lifeline): set at $1,750. · Why not $1,600? Because I won't wait until the army is pressing in to run. If the price effectively breaks below the $1,800-$1,780 oscillation range, I will consider the bullish momentum exhausted and exit to observe. Waiting until $1,600? By then, it might be too late to step out. · Take-profit (first target): set at $2,150. · If the bulls really trigger a rally above $2,000, market inertia often causes people to get shaken out. I will wait for a break and stabilization above $2,000, then look toward the next gap in the order book around $2,150, which will be the next battleground for bulls and bears, suitable for taking initial profits.
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#ETH多空对决
The data has drawn a red line: if it falls below $1,600, approximately $682 million in long positions face liquidation risk. This is not only a breach of the support level but also a blow to the "main base" of the bulls.
Therefore, developing a disciplined trading plan is key to surviving in this Year of the Horse. Here is my first ETH plan for the Year of the Horse:
· Stop-loss (lifeline): set at $1,750.
· Why not $1,600? Because I won't wait until the army is pressing in to run. If the price effectively breaks below the $1,800-$1,780 oscillation range, I will consider the bullish momentum exhausted and exit to observe. Waiting until $1,600? By then, it might be too late to step out.
· Take-profit (first target): set at $2,150.
· If the bulls really trigger a rally above $2,000, market inertia often causes people to get shaken out. I will wait for a break and stabilization above $2,000, then look toward the next gap in the order book around $2,150, which will be the next battleground for bulls and bears, suitable for taking initial profits.