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The long position has already taken profit. I added to the main position and at 1935 when it started. Today is the best time to do so in this period. Actually, I was affected emotionally yesterday, and in the end, I gave up completely. Since I saw 1700-1800, why insist on going against the trend? Following the trend and setting a larger stop loss would be better. Fortunately, yesterday I also cut losses at the liquidation price, took profits, and went to sleep, which helped recover some losses. Plus, the gains today are enough.
The call at 2045 for Ethereum this afternoon was very accurate. I provided the reasons and basis, but I couldn't withstand the process of tossing around. Bitcoin is also approaching a critical point. In the future, don't rush to short the market. Yesterday and today’s trades made me realize that following the trend can lead to big gains. Use the four-hour chart as a reference: if the four-hour signals are mostly bearish, go short; if mostly bullish, go long. Both long and short positions can cause emotional stress.
Future operations should mainly focus on low-level longs because the four-hour setup isn't complete yet. I don't recommend chasing longs at the moment, especially with the increased probability of weekend volatility. If you want to short, the four-hour chart must clearly indicate a bearish trend; otherwise, holding onto profits without taking action is a death sentence.
It's easy to make 20-30 points but hard to make big gains because of human nature—if you don’t exit, you risk being trapped. For example, in the 1980-85 range, shorting is feasible and has indeed fallen. If you don’t exit, isn’t that a loss? So I think following the trend is best. The only loss occurs when the trend direction is misjudged. But following the trend for big gains and going against it to make money without exiting is a loss.
That was yesterday’s long position.