Recently looked at the 4-hour chart of Ethereum. Previously, I analyzed whether it would short at the resistance level of the downtrend line, using Bitcoin's movement as a reference. As a result, when it later rebounded, it was pushed back, and I exited at break-even, which is a bit regrettable for not capturing the full move of that short position.



Since the short-term rebound has already broken the previous bearish expectation, the subsequent strategy should shift to going long. The key level to watch is whether it can hold around 3050.

The upcoming operation can be considered as follows: wait for a breakout of the resistance level followed by a pullback to test the support. If it truly rebounds at the support level, that would be a good opportunity to go long. Conversely, if it breaks below the support, just cut losses and exit—don't chase the short position. This way, you can participate in potential rebounds while managing risk.
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DecentralizeMevip
· 12h ago
See, this is the result of shorting; a rebound directly blew it up. The key level at 3050 must be held, or else there will be another round of cutting losses. It feels too exhausting to bounce back and forth; better wait for a clear signal before getting in. Setting a stop-loss properly is really lifesaving; don't think about bottom-fishing to become the next leek.
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DecentralizedEldervip
· 15h ago
As long as 3050 isn't broken, I won't die; once it's broken, I'll run immediately. It's that simple.
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ProxyCollectorvip
· 01-10 18:16
If 3050 can't hold up, just get lost. Don't bother with all those flashy tricks.
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RugPullAlertBotvip
· 01-08 07:51
Only if 3050 can hold up is it real; otherwise, this rebound is just a trap.
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SatsStackingvip
· 01-08 07:49
If the key level at 3050 can be firmly held, it's time to get in; otherwise, it's better to wait patiently for a pullback.
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NFTRegretDiaryvip
· 01-08 07:47
If 3050 can't hold, just wait to buy the dip. Anyway, I'm already used to the feeling of being trapped. --- Here comes another retracement pattern... Why do I feel like I'm always waiting for this "good long opportunity"? --- Sounds nice, but it's just gambling luck. If 3050 really breaks, I'll just lie flat. --- Break even and exit... That phrase sounds so painful, almost making me feel like I almost made a profit. --- I just want to know how many people can really stick to stop-loss at the support level, or if everyone needs to be smashed through to be satisfied. --- It's too idealistic. Who can stay so calm in actual operation? --- I've used this strategy so many times. It's okay if 3050 doesn't break, but once it does, it's a straight downward trend.
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BearMarketGardenervip
· 01-08 07:39
It's a bit regrettable to exit with principal protection; not being able to profit from the short positions is a bit frustrating.
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FlashLoanLarryvip
· 01-08 07:29
ngl the whole "wait for breakout then retest" playbook is textbook risk management theater... but yeah, 3050 is where the liquidity depth actually matters. thesis flip checks out though.
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MEVSandwichvip
· 01-08 07:24
If 3050 can't hold, this long position might get crushed again. It's just annoying to watch.
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