A liquidation is not scary; what's scary is being forced out of your position!
During yesterday's violent washout, how many people cut their positions at 2449? As a result, this morning, a big bullish candle brought it back directly to 2550+! The market is always teaching those who focus on the immediate small gains —
Remember three iron rules;
1. The harsher the washout by the operators, the stronger the subsequent market (the high-leverage gamblers who got liquidated last night)
2. Breaking a key level does not equal the end of the world (ETH's weekly uptrend channel has not broken)
3. Real big money is made from drops (be greedy when others are fearful)
At the current position, either wait to buy in batches below 2500 or chase after a breakout at 2580; the dumbest move is to cut losses at the bottom!
For friends who are confused and losing money in trades right now, follow Brother Lu's lead and feast on profits!!!
