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Admit mistakes when they happen and make adjustments when necessary. The previous day's bearish trend encountered issues, resulting in a loss of over 140,000 USDT in the account portfolio. There's nothing to argue about; the market has spoken.
However, I want to clarify that this does not mean I have changed my judgment on the subsequent market trend. Currently, I still maintain a bearish stance on ETH, and I am still holding short positions. I believe that a rally above 3400 is unlikely to be sustained—even if some say I am eating my words, my stop-loss line was set at 3380, and that logic remains unchanged. As long as it cannot break through, a pullback is just a matter of time.
At the moment, ETH is around 3330, and my short position was opened at 3325 with 100x leverage, accounting for 70% of my position. To be honest, this is aggressive, but I am trading on an ultra-short cycle. My target range is 3305-3280, at which point I will reduce or close my position, and I won't hold on stubbornly. If it’s a medium to long-term setup, then patience is required. My personal target zones are around 3150, 3000, or even near 2800.
The market's rule is that rises won't go on forever, and falls won't be bottomless. I stick to my judgment logic—if I am wrong, I will admit and adjust, but I will never turn around to chase longs. This is not a game of probability, nor is it about fighting the market. Human greed often turns small mistakes into big pitfalls. What if this time is truly a carefully orchestrated trap to lure buyers? I choose to stand firm.
Additionally, I mainly use this account to share ideas and review trades; actual trading funds are allocated elsewhere. The trading records shared earlier are historical data; everyone should treat them rationally. The losses from yesterday have been made up, as the profit settlement promised to partners needs to be handled in accordance with the established rules all at once.