A friend asked me where to short ETH. Well, around 2160 right now, I definitely won't catch a falling knife. If it bounces back to around 2172-2175, I'll open 10-20 ETH short positions with a stop loss around 2192. After all, I trade on the right side of the chart - my entry points are definitely not optimal, but the advantage is that I don't rush in, so my win rate can be higher. It's not impressive to be able to open positions; what's impressive is being able to resist staying in cash and waiting for opportunities - structural breakdowns. $ETH
A friend asked me where to short ETH. Well, around 2160 right now, I definitely won't catch a falling knife. If it bounces back to around 2172-2175, I'll open 10-20 ETH short positions with a stop loss around 2192. After all, I trade on the right side of the chart - my entry points are definitely not optimal, but the advantage is that I don't rush in, so my win rate can be higher. It's not impressive to be able to open positions; what's impressive is being able to resist staying in cash and waiting for opportunities - structural breakdowns. $ETH