What is the biggest concern when laying out pressure support levels? Losses? That is the concern of retail investors. Institutions and large players are most worried about the main force shifting positions, and are concerned that market makers will lure with technicals, during volatility, not only changing to a more advantageous average price. Without changing the overall direction, they also clean up massive positions!
Just like yesterday with Ethereum, when it rose from 2622 to around 2680, and when a line was drawn down, it fell to around 2530, did the main force treat you nicely? They won't let you off the hook! It is a fact that such position layouts often carry risks, but the risk-reward ratio is an undeniable fact! Isn't Bitcoin a classic example of how it went up and how it came down? Why does it move like this? Think about how many people got trapped.
Even if we don't adjust, Bitcoin is still the current average price, and Ethereum still has a few dozen points of room. Moreover, our adjustments and re-entries are at the top around 108500! What market sentiment could I see at dawn? Even at three in the morning, I was still on the phone making adjustments! A little bit of good news makes people bullish, and a little bit of bad news makes people bearish. Who loves to see the market fluctuations brought about by market sentiment the most? Look into my eyes! Pity the unfortunate, and be angry at the unyielding.
The closest trend right now is a downward trend! If you lack patience for medium to long-term trading, what emotions do you watch for short-term trading? Isn't it exhausting?
