$ETH short position, from 2071 to 1980, 4 times profit
The market turned out to be weaker than I expected, directly breaking through 2045 and all the way down to 1980.
Why did I take this position? At that time, the logic was very clear:
The resistance at 2060-2070 could not be overcome, and it was pressed down several times.
The rebound was weak, even 2080 was not touched, very weak overall.
The daily level shows a bearish arrangement, and the rebounds are just sending money to the short positions, directly breaking through.
What do I think now 👇
At this position of 1980, it has already broken below the 2000 mark, with support in the 1950-1960 area.
I will continue to manage the position, moving the stop loss down to 2020 to lock in profits, letting the remaining orders run on their own.
From the opening of this position until now, I haven’t monitored the market at all, it’s all limit orders, the market has moved on its own.
2071 short, current price 1980, 4 times profit
Shorting doesn’t need to be fancy, if the resistance level can't be surpassed, it's just sending money.
Before the trend changes, don’t easily catch the bottom.
