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Hedging positions are nearly 3,000 in profit today, but there's still some gap to the target of over 10,000. We need to wait for a suitable bullish trend to push the gains higher. Recently, ETH has indeed been in a high-level oscillation, dropping from 3300 to 3180 last night. Compared to the daytime low of 3230, that's only a 50-point drop. Now it's fluctuating between 3180 and 3280, and honestly, this kind of market is not very easy to operate.
Last night, I almost got overwhelmed by the pressure, and the lesson was profound. Previously, I put 30,000 funds on the platform earning interest as margin, but I almost lost it all. Now I’m really a bit scared. With the year-end approaching, I need to adjust my mindset and stop messing around. Planning to withdraw funds to avoid making mistakes from prolonged trading on the exchange.
These days, I plan to go back south, so I’ll withdraw all the extra funds and deposit a fixed amount for a safe New Year. Keeping 50,000 in cash is enough; that last wave was really frightening.
Regarding the market outlook, I still think ETH has room for a pullback. The probability of a direct upward surge is not high. Let’s wait and see.