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Alright, alright, alright, Pepe has cleared out! Can it clear out even more? Where will Ethereum go?
1. First of all, Pepe. Theoretically, this wave of correction will retrace to around 0.055, but retail traders are still very enthusiastic, so it might not drop all at once. For safety, you can take partial profits, and for the positions you’ve taken out, see if there’s a rebound before continuing to short.
2. To be honest, Pepe has risen very sharply, which really surprised me. But as we discussed yesterday, 0.062 is its major resistance. When it hits, I will short, so we went short at that point. Now it looks like we just shorted at the very top!
3. As for ETH, in the past few days I’ve been warning everyone not to short around 3000 and 3060, because a single level won’t give you unlimited gains. We should short near the 3160 resistance zone. ETH did break through that. However, I think ETH still has some distance from the resistance, and it might come back later or even go higher. So I still have short positions at 3170-3190. When it comes back, I’ll short again~
4. Additionally, WLFI suddenly dropped a sharp needle, instantly making a profit on the short. It was a close call but no danger. Daily aggressive operations. Recently, the market has been suppressed for a long time, and a rebound is coming. I’ve already told everyone this in advance. I see many traders even added a short position on their own, and all our coins are placed at the second resistance level, shorting comfortably. This wave, a big victory!