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We escaped death again—at this point, we're brothers who've been through life and death together.
After holding short positions for several days, today finally brought the opportunity to exit. Took profits at 2170.
Mid-term target is ETH dropping below 2000, and in the short term it should attempt to test the 2000 level.
The recent market action has been pretty ugly—constant one-sided moves with sudden reversals. So I've recently adjusted my approach. Building on my previous strategy of small-to-medium capital with continuous profit-taking, I've optimized it a bit. If we're on the left side, I control position-building speed with survival as the top priority, so I don't build up too many positions mid-term. I save most of my positions for the opening and closing phases, then try to hold on until the reversal.
If we're on the right side, I need to cut losses early and go short immediately.
So for this market, if I'm holding positions and the size isn't too heavy, I try to "hold tight"—that's my recent strategy.
Q group link in my bio.