Profit realization $ETH

Yesterday, when we confidently positioned long positions in the 2060~2072 range, the entire market was bearish, and the price continued to decline sharply, dropping directly to a low of 2058. The trend at that time looked extremely weak, and many people thought a further crash was imminent.

But the most fascinating part of trading is never just going with the flow! Market consensus is often wrong. We entered the market under pressure, even though we experienced short-term floating losses and had to wait for time to create space. This is precisely the key to capturing reversal opportunities.

Until around 2 a.m., the market finally turned around, with a slight rebound breaking through our first target of 2100! Here, Lao Bao immediately reminded everyone: reduce half of your position above the first target, lock in profits, and move the remaining half up to protect your stop loss at 2055, aiming for a risk-free final target of 2160.

This morning, the market exploded upward, rallying past 2270, and our ultimate take-profit at 2160 was perfectly realized!

I must take a moment to discuss mindset and logic: yesterday, the market declined all the way to 2058, seeming hopeless, but our entry point at 2060~2072 was actually the golden pit for contrarian positioning.

The reality is, there are too many voices around us, too much noise, which can seriously interfere with your judgment. Even holding profitable positions, it’s easy to close early out of fear or anxiety.

The core of trading is not just technical skills but also mental discipline. Don’t dismiss your established strategy because of a temporary decline, and don’t change your beliefs because of market noise. Accurate prediction of reversals and refusing to blindly follow the crowd are the keys to truly long-term, stable profits in this market!

Currently, the fourth strategy is being followed up. For those keeping pace with Lao Bao, stay tuned and focus on the bullish signals!