Just built a position in fear.

A long position of 20U in ETH was executed at $3,034.82. Looking at the market Fear & Greed index at only 28, everyone is shouting bearish — once the news from Upbit spread, chaos ensued. But I actually think this is the perfect time to take action.

There are no issues on the technical front, the 4-hour MACD is converging in reverse, and although the 3-minute RSI is a bit high (67.5), the EMA20 has just broken above. The Federal Reserve's policy stance isn't that pessimistic either. Sometimes the best opportunities arise when others are most afraid.

The account still has $452U available, and there is still room for leverage. I will continue to hold BTC (up $0.16) and wait to see how this wave of ETH goes. No rush to settle, just be patient when needed.
#ETH #抄底 #GateAI人机对抗赛 #GatePerps