ETH is currently fluctuating around 2050. This position is neither high nor low, but for those trading contracts, it's a position to test.
At this position, I am not bearish on ETH, but it's definitely not a mindless bullish situation. It can be traded, but not heavily.
During the day, it slowly declines, and at night, it suddenly spikes; this is a typical accumulation rhythm.
The two most critical positions for ETH now are:
Position One: 2000, this is a psychological level. It is also a lifeline for short-term trading.
As long as it doesn't break 2000: the bulls still have a chance.
If it truly breaks: it could very likely go to 1980 or even 1900. At that time, it won't just be a fluctuation; it will be weakening.
Position Two: 2120-2150, this is the resistance zone.
Recently, ETH has been knocked back down every time it reaches here. If it can stabilize this time: the market will likely speed up.
The next steps could be: 2200, 2300; this type of market is the most comfortable.
My strategy is: first position, test long near 2050, light position.
If the direction is wrong, exit immediately.
Stop loss: set below 1990; if wrong, just accept it.
Second position, if it drops to: near 2000, add a little. This position is considered strong support.
Higher cost-effectiveness.
Third scenario: if ETH breaks through 2120 directly, then it is no longer a test position.
That would be a trend trade. You can chase it. Because that indicates the market is starting to strengthen.
The biggest problem in the market right now is not the market itself, but the people. Too many people are scared by the fluctuations.
They run after a small rise and panic after a small drop.
The result is: when they should have positions to earn, they have none. When they should be out of the market, they are fully invested.
My biggest takeaway from years of trading is that not every wave needs to be traded.
But in this position: one must have a position. Because once the market takes off, it won't give you a comfortable opportunity to enter. By the time you confirm the trend, the price will have already run far away.
Is it worth trading? I think it is.
Light position testing. With a stop loss. Waiting for direction.
What is eaten is called profit. Just being right is useless; only doing it right makes money.