WhatIsSuckingJelly?

The upcoming trading strategy: the current position at 3020 is no longer suitable for shorting. A pullback below 3000 can be considered for going long. Opening a short around 3065 is also a take-profit point for long positions.

Today during the day, the trading strategy for Ethereum is to open a short position around 2980 with a good cost-performance ratio, and open a long position between 2900-2920.

The market is fluctuating within a narrow range, with little trading value. Be patient and wait.

There was little fluctuation over the weekend. The major range still follows 2890-2980. Currently, the price is forming a trading zone between 2900-2935. Near 2935, you can consider a light short position, with take profit around 2900. Around 2960, continue adding to the short. If the price retraces to the 2890-2900 level, you can try a light long. If the 30-minute close breaks below 2890, take a small loss or break even and exit. A break below would open up further downside space.

Last night, I placed a sell order at 2970 and fell asleep, but I didn't get filled. The market moved as expected—once it reached that level, it couldn't go higher. This morning, it tested 2900 three times, increasing the risk of a long position. It might break downward; observe the situation. If it breaks, consider chasing the short, as there is enough room—target around 2780-2820. You can go long here.

No significant fluctuations during the holiday. Short-term bears are somewhat weak. Short at the rebound around 2970-3000, and light long positions can be taken at 2900.

Christmas, liquidity decreases, and there are funds betting on a rise. There may be large one-sided moves to kill both longs and shorts. Watch to see if opportunities arise for a double-up trend. Currently, the trend can be played as a range, 2900-2980. Short near the resistance level, long near the support level. The market is more bearish. If there's a chance, short near 2970.

The cost-effectiveness of increasing the position before testing 3050 is too low, and there is no liquidity over the weekend, so I will hold a Light Position for now.

Hold your position with confidence. The long positions were a bit hasty, but the overall trend is still bearish.

Place a small order to smoothly buy more Bitcoin and get on board. Bitcoin has been weak these past few days, so I played it conservatively and didn't get in. The outlook can be adjusted downward.

Be patient and wait for the next Ethereum waterfall.

Drive out and then start again