This wave meets expectations, accurately capturing a profit of 200 points from $ETH !
Why did it plummet? Because the market has basically digested the expectation of a 25 basis point rate cut. One must be cautious about buying on expectations and selling on facts. More importantly, the current market contract holdings are at historical peaks, with extremely high leverage. Once the decision is announced and the good news is fully digested, it is easy to trigger a rapid correction due to long positions being closed.
Shorting at this position of 3428 is guaranteed to profit; I estimate that this wave of market will not exceed 3600, with a direct profit space of 400 points below.
The trend position perfectly captured 200 points.
Are you stuck? When to increase positions and buy the dip? If you often get stuck by chasing highs and cutting losses without direction, join the Binance chat room to get the most useful operational ideas.
