How many people who opened long positions yesterday are still holding on?
Most people trapped in the crypto market are indeed because during the market peak, they thought they could get in, make a quick profit, and leave. As a result, they encountered a sharp decline and got stuck.
Or some are just stubbornly focused on one direction. Once they taste success in a certain direction, they can't stop, leading them to get trapped whenever there's an extreme surge or drop.
This fan, for example, shorted at 89 but was reluctant to cut losses, which caused his losses to grow. When he shorted at 96, he knew to cut losses in time. He even said he would go up to 100k, but after reaching 100k, he continued to short and got trapped. It seems he has become accustomed to his past trading methods, making it hard to change.
Aside from profits from shib, it seems like every time, it’s either being trapped or unwinding. Only by understanding the phase can you grasp the rhythm, whether to cut losses or stubbornly wait for a pullback.
Making money in the trading market is harder than in any other market, especially with the contracts that most people favor; therefore, when your skills are insufficient, you can try to find reliable people to guide you, or else you’ll end up losing money.
Continuously exploring and laying out hot cryptocurrencies, today's hot cryptocurrencies to pay attention to: degen, fun, broccolif3b, eth, pepe
