Today, I placed two test orders on the left side for $ETH , both of which were stopped out. I have to say that after falling for a long time, I was deceived by a fake breakout. According to my usual experience, if the market starts to decline during the day, there will generally be a low point by evening, followed by a rebound. However, I didn’t fully trust my own experience and tried to place orders on the left side.

In the afternoon, I didn’t open any positions until the evening when a definite low point was reached. The mistake was trying to test point A, which resulted in a wave of decline that was unexpected, leading to losses, but it was only my initial position.

I’d like to share my thoughts with everyone; I am currently not planning to enter the market.

If things go as expected, this wave will rebound to around 4410, and if it can meet expectations and show signs of breaking down, I will consider shorting or chasing the short position nearby.