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The day before yesterday, we publicly opened a long position at 2020, held it all the way until yesterday morning, and took profit at the ultimate target of 2120, securing a steady 100-point profit! Then we re-entered a short position at 2170, which has now successfully reached the second target near 2090, capturing another 80 points of big gains.
Two waves of market movements were caught, with nearly 200 points of profit fully realized, completing a perfect trading cycle!
Currently, the final target for the 2170 short position has been adjusted to 2072. After reaching 2072, we will immediately switch to a long position, entering in stages between 2072 and 2060, with the stop-loss set at 2024. The targets are 2100–2130–2160$ETH .
This level and the stop-loss points we set are within a strong support zone on the daily chart, which has repeatedly bottomed out and stabilized previously, with clear buying support. The short-term downward momentum is gradually weakening, RSI has entered oversold territory, making a technical rebound likely. At the same time, this is also a key structural area overlapping with Fibonacci support, making a breakdown unlikely. After stabilizing, there is ample room for a rebound, making it suitable to gradually add to long positions and play the rebound rally.