ETH broke below 2993 yesterday and went short accordingly, hitting a low of 2908, and exited at 2918, gaining 75 points. The market is still oscillating back and forth, with no clear breakout signs; the strategy of selling high and buying low continues.



The current trading approach is as follows: On the short side, place a buy order on the left side of the 2993-3000 range; if it rebounds to 3060, add to the position. The stop-loss is set at 3146, with targets near 2905 and 2830. On the long side, on the left side of 2905-2915, place a low buy order; 2833 is the re-entry point, with a stop at 2738. The upper targets are 2967 and 3009, with a final position at 3057. The entire strategy follows market fluctuations, using trailing stop-loss and take-profit orders.

This kind of range-bound market repeatedly offers opportunities; the key is to grasp the rhythm and control risk.
ETH1,65%
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StakeTillRetirevip
· 14h ago
Taking profits at 75 points, that's a bit hasty. This market still needs to be endured. --- Repeatedly getting chopped in the box range, I just want to know who can truly hold on to the bottom. --- Defending so many levels, is it to defend or to gamble? --- Breaking 2993 and still wanting to go short, quite brave. --- Moving stop-loss to take profits sounds good, but I'm afraid it turns into stop-loss. --- Repeatedly selling high and buying low, sounds simple but in practice it's all bloodshed. --- This wave's rhythm is indeed tight; it all depends on who’s mindset collapses first. --- It's that same strategy of ambush and adding positions again, feels like the routine is a bit old.
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MidnightMEVeatervip
· 14h ago
Good morning, arbitrageurs are all awake at 2 a.m. This wave of box range is basically a buffet for robots; the data looks good, but the real profit has already been eaten up in the dark pool. A 75-point profit sounds comfortable, but when you spread it over time costs... Have you ever thought about it? Repeated ambushes are essentially feeding into liquidity traps. The drop from 2993 to 2908 has taken away all the real flesh and blood, leaving retail investors with only the leftovers of oscillation.
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GasFeeCriervip
· 14h ago
75 points is pretty good, just worried about frequent stop-losses during repeated fluctuations. If you want to repeatedly lay low, you need to keep the rhythm right; one slip-up and you'll get caught. This wave of market movement is indeed an opportunity to scalp, depends on how you seize it. Can 2830 be reached? It feels like the downward momentum isn't particularly strong. The most annoying thing inside the range is the reverse attacks on your defenses; risk control really needs to be strict.
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GasFeeNightmarevip
· 14h ago
Leaving at 75 points, this pace is indeed steady, much better than the high I chased yesterday and lost.
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GasFeeCrybabyvip
· 14h ago
Scoring 75 points is pretty good, but this kind of oscillation back and forth really tests one's patience. Range-bound markets are basically a gamble on who loses patience first. I still prefer trending markets. Controlling risk is so true—so many people end up getting wiped out because they didn't set their stop-loss properly.
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LuckyBearDrawervip
· 14h ago
You run at 75 points, your courage is really small. If this rebound reaches 3060, I will also increase my position. Let's see if I can bottom fish at 2830.
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