ETH is once again approaching 3800! "How loud is the slap on your face if you said there would be a trend change before?"
Last night at 3650, was your finger already hovering over the 'sell' button? Don't rush! Read this article first, 90% of people are making a fatal mistake, and this mistake will make you miss all opportunities in this round!
1. The main force conspiracy theory: This wave of correction is not about changing trends, but rather a 'technical adjustment'! (You would know why I am so certain if you look at my previous work)
Last night, ETH dropped from 3720 to around 3620 in one go, a whole 100 dollars. During the bullish phase, the liquidation amount exceeded 1.2 billion dollars. But strangely, ETH's open interest did not decrease but instead increased. The GSR institution just withdrew 2708 ETH (worth 9.87 million dollars) two hours ago, while The Ether Machine fund quietly hoarded 170,000 ETH, directly surpassing Coinbase to rank fourth in holdings!
"This is not a panic sell, it's the main force 'reversing to pick people up'!" If you had seriously looked at my work yesterday, you definitely wouldn't have been washed out by the main force! (The image below is what I posted in the square yesterday)
When everyone is focused on the 3580 support level, the main force has already placed a massive buy order at 3650. Even scarier is a leak from an internal document of a certain ETF institution: "We must complete the acquisition of 100,000 ETH by this Friday"—this wave of correction is merely giving institutions time to get on board!
2. My Opinion: Two tricks to help you 'snatch food from the tiger's mouth'!
Survival rules in a volatile market:
1. First, lock in support levels, key points, and resistance levels. If the market hasn't reached the target, don't act decisively; you must control your hands. Once it reaches the target, take action, and once you take action, you must hold firmly and not be washed out by the market maker. Of course, you must unconditionally obey stop-loss orders; if you're wrong, admit it!
2. Wave trading method:
In the wave theory trading method, the blue channel has already provided an opportunity for wave 2. The support of the previous wave is the key point for the next wave. The support of the previous wave is the key point for the next wave. Normally, wave 5 will end, at which point the market will form a new technical pattern. (Just like the previous green channel)
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