Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, anyone watching ETH's price movement knows that feeling all too well — the 3320 level is right in front of you. Should you lock in profits here or continue holding in anticipation of a bigger move? This dilemma has troubled many traders.
My view is clear: the overall trend for ETH remains upward, but short-term volatility is unavoidable. Rashly chasing highs or panicking and cutting losses are both risky extremes that can lead to pitfalls.
The reason why the 3320 level is worth paying attention to is related to prudent trading logic. I have always advocated the "ladder take-profit method," which involves reducing positions by 30%-50% at this level to lock in core profits, while the remaining holdings are managed with a trailing stop to follow the market. This approach yields the highest success rate.
However, this time I decided to break the norm, not based on intuition but on support level judgment. I set ETH’s recent support around 3290 — a level tested multiple times and proven to be a genuine support. If the price breaks below this, it’s likely to trigger a correction; if it can hold steady near the support, it can confirm the strength of the short-term trend.
Therefore, when the price dropped to 3280, I added to my position. I want to emphasize one point: adding positions must follow rules. I have two strict principles that govern when to add and how much — blindly increasing positions can quickly wipe out profits, a trap I’ve fallen into many times in my trading career. The market’s reaction near support levels directly determines subsequent trading options, so every addition must be based on specific price signals, not emotional reactions.