A few days until Lunar New Year, what do ETH traders need to prepare?

As the Lunar New Year approaches, many traders are in a stuck position, not taking any further actions. However, in the coming days before the Lunar New Year, this is the time to have a clear plan to protect profits or minimize losses. By supplementing margin funds along with a long-term strategy, many traders are preparing cautiously for this period.

Position Storage Strategy Before the Lunar New Year

Opening small positions at this time can be seen as a form of rest, helping to keep the mind from becoming too stressed. ETH is currently fluctuating around $2,750 (down 0.58% in 24 hours), with pressure levels in the $2,900-$3,000 range that it has yet to break through. Although it has occasionally approached $2,980, selling pressure remains very strong, causing many traders to worry about short-term prospects.

With the year-end approaching, the top priority is capital preservation, not chasing profits. If the next target is around $2,700, that could be a safe point to rebalance positions. The best scenario is to make a profit of $7,000; an average scenario is to adjust by $2,000. These figures are within acceptable ranges. This time, the hope is to apply the principle of “dipping in when necessary” — betting when appropriate, but knowing when to stop after placing a bet.

Risk Management and Lessons from the Past

Lessons from previous heavy losses are still fresh. For example, Dolo lost $13,000, reminding us that daily trading decisions with large positions can lead to severe consequences. Currently, the account still has $50,000 retained from the exchange, with the rest temporarily kept there to protect long-term interests.

A positive point is that many traders in the community are adopting similar strategies: taking profits when available and keeping the remaining as a reserve. The community has reflected that this approach provides more stability compared to continuously increasing positions. This reality creates positive energy for everyone, as they understand their own limits.

Safe Withdrawal: Lessons from the Trading Community

One of the important topics that not everyone handles well is how to withdraw funds safely and legally. The community recommends using C2C platforms to find reputable U traders. Add contacts beforehand through exchange platforms (zfb or WX), then maintain regular contact to execute withdrawal transactions.

The benefit of this method is avoiding account lockouts. Whether buying or selling, this approach helps prevent unwanted restrictions. Many only realize this when it’s too late — when they want to add to their trades but are restricted. Even a few hundred USD is your own money; losing $100 is not a small matter. Therefore, preparing reliable contacts in advance is very necessary.

With a few days left before the Lunar New Year, take the time to complete your personal financial plan. Patience, discipline, and risk management will be the keys to safely navigating this period.