Discuss the follow-up actions for ETH this week
It originally aligns quite well with the LPSY in the Wyckoff trading method, but I'm quite worried that the current market is too choppy and hunting for stop losses. I'm afraid it will break this high and then move towards distribution. Moreover, a three-push wedge has formed, so I will definitely hold my short position for a long time. Even if I make some profit, if my stop loss or protection is triggered later, I'll just short again from a different position.
The current opportunity is around 3220. If you don't have a position, the closer you get to this level, the more you should short. Those who already have short positions can keep half of their position. No one can guarantee how Monday will go; the general trend is confirmed. The current situation has a 50-50 chance. A rebound of one or two hundred points on Monday is also normal. Even if this 3446 level is broken, adding to the short position is the same logic. If it drops below 3000 on Monday, the reasoning for increasing the position remains the same. $ETH
