**Ethereum Short Position Review and Reflection**

Recently, I’ve taken quite a few losses in trading. Today, while I have some free time, I want to organize a few key lessons. High leverage is really not something to play with; everyone please avoid following the trend blindly.

Let’s talk about yesterday’s Ethereum operation. The 2962 level was quite resistant; whether looking at the 1-hour chart or the 4-hour chart, the resistance above was very clear. In the evening, the price made its last surge to around 2970 but failed to hold above that level at the close. From the 5-minute K-line, it’s obvious that this was a false breakout followed by a pullback, which actually presented a good entry opportunity.

I set my stop-loss at the highest point of the false breakout, which is theoretically the safest approach. I initially wanted to take the first profit around 2890, since the recent lows were near 2886, leaving a few points of room downward. But greed took over, and I moved my take-profit to 2840. As a result, the market only dipped to 2889 at the lowest and didn’t go further down — this is a classic negative example.

Looking back now, I should have taken 50% of the position at 2890 to lock in profits, and let the remaining part ride with the trend gradually. This way, I would have secured profits in batches, and the final gains would definitely be better than they are now. Next time, I must correct this flaw — greed is often the beginning of losses.