The unforgettable loss of 200,000, a 30% drop in three days, I almost lost everything
Three years ago, I invested all my money into a hyped 'dark horse coin'. The news kept saying it was good, but I didn’t even look at the 5-day, 30-day, or 60-day charts—I was just thinking about making a fortune.
As a result, in three days, I lost 30%, 200,000 shrank overnight, and my heart sank. This was the most memorable loss in my three years in the crypto space. I was in a daze, almost doubting whether I was inherently unsuitable for trading cryptocurrencies.
After that incident, I became completely sober: chasing news and guessing the big players? That's a dead end. 90% of people in the space are still repeating this old path, but I found a lifeline in despair—the few daily averages in the K-line that I had dismissed as 'too ordinary'.
I started systematically studying the combination of the 5-day, 30-day, and 60-day lines, looking at support and resistance, no longer following the crowd, no longer relying on feelings. Gradually, I not only recovered the 200,000 I lost bit by bit but also made a steady profit of several million with the help of this method.
Looking back now, most people in the crypto space are still chasing news and charging in with all their investments, while those who can stabilize the market and maintain profits are actually just a few ordinary moving averages. If you learn to understand them, you can turn a painful loss into stable profits.
The 30% loss in three days tore my heart apart, but it also opened my eyes completely. At that moment, I understood—experts don’t focus on the news; they focus on those unremarkable lines in the K-line.
Finally, I wish every person who likes, saves, and follows this article can reap a bountiful harvest in this bull market!
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