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BullRiderPK
BullRiderPK
Tomorrow’s CPI release could bring another wave of volatility, while expectations around a September rate move remain uncertain. With speculative positioning already elevated, I expect short-term price swings to intensify regardless of the data outcome. In my view, much of the negative news has already been priced in, but the correction may still have room to run. My recent short position was stopped out, but my overall bearish thesis remains unchanged. The direction was right; the timing of the entry was simply off. Tonight, I’ll continue looking for opportunities to short, with $ETH ’s second downside target around $1,850. Risk management remains non-negotiable. A stop loss may get triggered repeatedly, but that doesn’t mean it should be removed. The stop loss is the lifeline of any leveraged trade and should never be canceled just to avoid taking a loss. Fortunately, I followed my plan and exited at the predetermined level. Otherwise, I could have been deeply trapped by now. The recent market has been extremely frustrating: go long and price dumps; flip short and it immediately rallies. It’s a classic back-and-forth liquidity squeeze that has caught me multiple times. I remain bearish because, despite some inflows into spot ETFs, capital remains heavily fragmented. Selling pressure around $ETH has not disappeared, and larger holders still appear to be distributing. This trade once again tested my thesis, but the stop loss protected my capital. Trade result: Entry at $1,873, stop loss at $1,887. Price briefly touched $1,887, triggered the stop, and then immediately returned to sideways action. The plan for tonight remains unchanged: stay cautious, look for short setups, and maintain the bearish bias. #CPIToResetFedBets #AIInfraEarningsWatch

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