Last night, the ETH market trend was about shorting at high points and taking profits at low points, perfectly timed.

Opened a short near 2181, and at that time, the judgment was quite simple: the price rebounded to the vicinity of the previous high point, and there was a clear top divergence on the hourly level, with volume not keeping up, which is a typical false bullish trend. It’s truly unacceptable not to short decisively at such a position.

After entering the market, the trend went down all the way, hitting a low of 2110 directly. I set my take profit at 2135. Although I didn’t catch the very bottom, a drop of more than seventy points from the high is already quite comfortable in terms of profit.

Many people ask why the take profit was set at 2135. The answer is simple: the range from 2130 to 2150 is a previous area of concentrated trading with clear support, so the probability of it being directly smashed through is low.

Even if the price later dropped to 2110, I still insisted on taking profits in batches, not being greedy for the last part of the fluctuation.

Trading contracts is just like this: understanding the structure, catching high points, and not being greedy for the last bit. It’s enough to steadily secure the profits that belong to you.

This ETH short position, from opening to exit, was executed with precision in both thought and timing. I will remind you at the first moment of any new opportunities and changes, just keep up with Ren Ge's pace. $ETH $BTC #币圈现状 #国际油价下跌