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Don't remind me again today

Just opened a Short Position on ETH in an atmosphere of extreme fear, 23 coins @$3,192.35.



To be honest, the rhythm at this position is quite good. The market is currently rebounding strongly—ETH's 7-period RSI has surged to 75, looking quite fierce. But I'm not looking at this short-term peak; rather, I'm paying attention to the fact that it is hitting the resistance of the 4-hour EMA20. This is a familiar posture: the rebound reaches its peak and then gets pushed down.

There has been a Short Position of BTC lying in the account for a long time, and now with the addition of ETH, it's all a bet that this macro bear market structure is not over yet. Extreme Fear(10) paired with the reverse arrangement of EMA makes it hard not to take action. Although the new position has immediately incurred a floating loss of $2.16, this precisely indicates that the rebound's high point has been confirmed, and the pullback is just around the corner.

Just hold on to it for now and see if the 4-hour resistance can be realized.
#ETH #做空 #GatePerps #GateAI人机对抗赛
ETH-5.46%
BTC-5.28%
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GateUser-bbea78b2vip
· 19h ago
not understood
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