Yesterday I attended a friend's wedding, and it was raining heavily. The red envelope given wasn't small, after all, it's about the relationship.

At the banquet, "Red Pants" couldn't sit still and kept scrolling on his phone. I glanced over, and the screen was all red, ETH had fallen below 2100 again. "Red Pants" said with a bitter face: "Uncle, this market is as gloomy as the weather. I think it's going to 1500, should I sell this little bit of spot I have and cut my losses?"

Next to him, President Song was peeling shrimp and didn't even look up: "Have you ever seen anyone get divorced because it was raining?"

President Song pointed at the bride on stage and said: "Even if it's a house in a tourist area, no matter how beautifully decorated, it's just for tourists to see, that's a beauty filter. A while ago, ETH was over 3000, that was the 'wedding scene', it's emotion, it's the spotlight, those who entered at that time were just big-headed people giving gifts. And now? The lights are off, the makeup is removed, and it's back to around 2000. This is the real price of 'daily necessities', this is the land price of core assets in the city."

The "red pants" asked: "What if the 'land price' can't be held either?"

The long trader wiped his hands and said a word: Mathematical logic.

He pointed to the red envelope on the table and said: "You contributed 2000 yuan, was it for this meal? No, it was to maintain this circle, to seek bigger resource exchanges in the future. This 2000 yuan is the 'stop loss amount'; future resources are the 'take profit level'. Trading is the same, the more no one believes in it, the more it’s time to take action."

【Trading Strategy】

  • Direction: Long

  • Entry: 2050 - 2065

    • Logic: Wait for it to pull back, just like waiting for the bride to change into her banquet dress; this is the best time to toast (enter the market).

  • Stop loss (iron rule): 2028

    • Logic: The long trader said, if even the old houses in the city can't be sold, it means this city is finished. Similarly, if it falls below 2028, it indicates that ETH's fundamentals are bad, at that time don't hesitate, just exit the market.

  • Target: First look at 2140, then at 2222.

Looking at the groom smiling so happily, I thought, the so-called 'sense of relaxation' is actually having confidence. The grandpas at the market have a sense of relaxation because they have social welfare to rely on; the long trader has a sense of relaxation because he knows what core assets are.

When trading, don't stretch yourself too tight. Manage your stop loss well, place your orders, and then eat and drink as you should.