Previously, opening a short at 3180 or a long at 2700 was still valid.
In fact, we are still operating based on this reasoning.
When the altcoins were below 2900 in Ethereum, many high-quality altcoins were no longer willing to follow the mainstream downward trend. Therefore, we bought the dip and prepared to add more if prices continued to fall. At that time, we discussed averaging in, which essentially involved orders within the 2700 long range. However, there were also many buy orders trying to catch the bottom below, making it difficult to reach 2800, ultimately leading to a rebound and rise.
The purpose of shorting at 3180 is to catch the retracement. If prices can reach this level, the altcoins that are rising with the market will also have a significant increase, allowing us to close all our positions in the altcoins.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Previously, opening a short at 3180 or a long at 2700 was still valid.
In fact, we are still operating based on this reasoning.
When the altcoins were below 2900 in Ethereum, many high-quality altcoins were no longer willing to follow the mainstream downward trend. Therefore, we bought the dip and prepared to add more if prices continued to fall. At that time, we discussed averaging in, which essentially involved orders within the 2700 long range. However, there were also many buy orders trying to catch the bottom below, making it difficult to reach 2800, ultimately leading to a rebound and rise.
The purpose of shorting at 3180 is to catch the retracement. If prices can reach this level, the altcoins that are rising with the market will also have a significant increase, allowing us to close all our positions in the altcoins.