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$INIT
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Ethereum exchange supply has declined sharply over the past month. 🔜Over 1 million ETH, or 5.5% of total supply, was withdrawn. 🔜Indicates growing accumulation and reduced sell pressure. #Eth
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$ETH is currently trading around $2,480 after failing to break the $2,738 resistance and the 0.382 Fibonacci level. Indicators like the Stochastic RSI and MACD suggest weakening momentum, with the price testing key support at $2,450. A breakdown below this level could push ETH toward $2,300. Short-term analysis reveals a descending triangle formation on the 4-hour chart, signaling a potential trend shift. ETH has fallen below its 20-EMA ($2,553) and is hovering near the 50-EMA ($2,450). Bollinger Bands are narrowing, indicating upcoming volatility. The RSI (42.67) and MACD (negative histogram) reflect fading bullish momentum, suggesting further consolidation or correction. The weekly chart shows a long upper wick, indicating strong resistance near $2,738. If buyers fail to hold $2,450, a drop to $2,300 is likely. Traders are watching for signs of a trend reversal, as past patterns show ETH often struggles when the Stochastic RSI reaches current levels. Profit-taking by recent buyers adds downward pressure. A breakout above resistance could revive bullish momentum, but failure may trigger deeper declines. #EthereumSecurityInitiative
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One Final Dip Before Altseason 💥💥
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MASTER THESE CHART PATTERNS & AVOID LOSSES FOREVER!🔥🔥💚💚
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Revenge Trading Will Ruin Your Trading Career (You Might Never Recover) Let’s be real—revenge trading is where careers go to die. You lose on a trade, ego gets bruised, and suddenly you’re throwing money at the market just to "get back what you lost." Here’s why that mindset destroys traders: 1. It Turns Strategy Into Gambling Trading requires rules, patience, and discipline. Revenge trading? Pure emotion—no logic, just desperation. Result? You ignore setups, overtrade, and blow up your account. 2. Losses Stack Faster Than Wins One bad trade hurts. A string of revenge trades wipes you out. Example: Lose 100?Chasingitbackwithrushedtradesoftenturnsintoa100?Chasingitbackwithrushedtradesoftenturnsintoa300 loss. 3. It Kills Your Confidence Every emotional trade makes you doubt yourself more. Soon, you’re second-guessing even good setups—then miss real opportunities. 4. The Market Doesn’t Care About Your Feelings Price action won’t reverse just because you’re mad. The more you force trades, the more the market humbles you. How to Avoid the Trap ✅ Walk away after a loss—close charts for at least an hour. ✅ Stick to your plan—no "just one more trade" exceptions. ✅ Accept losses as part of the game—even the best traders lose sometimes. Bottom line: Revenge trading doesn’t just cost you money—it can ruin your entire trading mindset. Master your emotions, or the market will master you. #writetoearn
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