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Ether public reference:♥
Ether's market has indeed touched the top with a sense of solitude, but let's discuss the strategy idea of touching the high. This means trying out important positional areas; trial and error comes with costs, but you shouldn't hold positions because contracts are inherently meant to leverage small bets for large gains. You can only gradually test important resistance levels. The above is based on a left-side trading mindset, but when the right side emerges, it is somewhat similar; the difference is that the stop-loss space is slightly smaller. The downside is that the entry points are not as favorable. Ether is open now, and at this stage, it is approaching the previous high, but looking at the market, it feels tougher than all the men. However, at such a high position, it is indeed hard to ignore, as it feels like silver is about to crash down. Therefore, you can only attempt trial and error in small batches. A potential area that may easily spike back down is the 3930-3960 range, with an exact point at 3939.8; prepare to try shorting around this position with a 15-point range above and below.
Looking back, I only took a portion when I entered the long position at 1400+. Later, I also took a portion when I did a round of needle entry at 2118. If this round is going to break through 4100, it is likely that there will be a significant pullback first before continuing the strength. It's hard to pass through the previous high in one go. Now it seems to be rising sharply, and I have a feeling that when it drops, it won't be hesitant at all.