Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Regarding Ether, the reason I suggested to start taking profit below 3300 for Short positions, and to consider Close Position below 3250, is that below 3250 is very likely to become a Rebound turning point. Of course, there is still some margin of error; the actual reversal point is 3192. I mentioned in my previous updates that I calculated and predicted that the strength of long positions has not been fully released, so I have always believed that it is very difficult to break below the 3000 level.


Moreover, the 3000 position has a well-known break theorem; once it breaks through 3000, it will definitely drop to around 2800. Therefore, the defensive power will be very concentrated. Currently, a rebound above 3250 is also a normal phenomenon, which indicates that it is conservative to take profit to avoid profit withdrawal. However, those who are monitoring the market can indeed find the best take profit position.
As for whether there will be a precise rebound or if it will drop further, that is something the overall pattern needs to consider; us conservatives do not need to think about so much.
ETH3.86%
View Original
post-image
100USDBravelyVentureIntoThevip
Ether around 3250 is a good take profit level. If you don't want to take risks, you can close your position below here. If I were to open a position based on the points I provided, I would definitely close my position here and not continue to take risks. It's a standard lock in profits.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)