Family, I’m out! Ethereum target achieved, ready to short? Let’s take a look.
Due to the interest rate cut and strong demand from the Ethereum upgrade, ETF funds have surged in, and indeed the crypto market has risen quite a bit these days. Shuqin has never been bearish until today when ETH reached my target price near 3250! I have already taken profits on my short-term positions and started to lay out long-term short positions.
I first allocated 20% of my position near 3220, and plan to put the remaining position near 3400, or to fully short a day or two before the interest rate cut. Gradual entry is more stable; I don't seek to short at the very top, I'm just satisfied shorting at a relatively high position.