$ETH Evening Thoughts:
The insider guy with 50x leverage is really impressive, making 5 million in just a few days, and that's in dollars. We shouldn't envy him; we can't replicate that. When you have enough capital, maybe you can do it too, because by that time, you won't see money as money, just numbers.
Focus on the present and don’t envy anyone, because anyone who makes money won’t give it to you; only the money you make is yours.
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Let’s talk with the chart: The second contract's 2-hour Fibonacci has pulled back to the 61.8-1:1 position, which is a normal pullback; there's no need to panic.
The real panic should be if the second contract breaks below 1752.
If the second contract breaks through 1902 with volume, go long on the right side; if it falls below 1895, go short on the right side. Pay attention to the volume changes and set your stop-loss well.
While I was writing my strategy, the second contract had already fallen below 1895. If you're bold, go ahead and chase it; if you're cautious, be sure to set a stop-loss.
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If the second contract can’t break above 1905, don’t bother looking at upper target levels of 1924-1950; the second contract has turned useless again.
On the 4-hour level, if it breaks below 1868 and can’t recover, it signals the end of this upward trend, looking down at 1821-1777.
This is the answer the market gives; meeting adjourned.
