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CRYPTO MECHANIC
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Stopped using other social media for Crypto news and other analysis since the
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feed started . This is literally all you need.
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CRYPTO MECHANIC
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People really have a silly mentality when they take a loss in spot trading and then suddenly shift to futures thinking they will recover their losses from there. Like, how does that even make sense? Do you really think futures are easier than spot trading? In my opinion, futures are 10x harder than spot. It requires much more skill, discipline, and emotional control. Use some common sense if you're already struggling to make profit in spot and you're in losses there, how will you make profit in futures? You'll most likely just multiply your losses in futures because of leverage. This is NOT a method to recover losses. It's much better to pause and identify why you're losing in the first place. Maybe your trading strategy is not suitable for the current market conditions and you need to revise it. Control your emotions - this is the biggest reason behind most losses. We can’t tolerate losing, and then we start rushing to recover it quickly. In that process, we end up losing even more. Try to overcome your losses mentally first. Shifting to futures will not help you in any way. Identify the real reasons behind your losses and improve them. Remember: Trading isn’t about revenge, it's about discipline and patience.
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Bottom or No?
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This is an obvious zone on $ETH price had multiple rejections from the same zone. I think it should not drop below it if it does the recovery should be quick otherwise things can get pretty ugly. I personally hate the retests of important zones price usually fails to hold. Lets see where this week ends as its a high timeframe zone.
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Told you its wise to take profits on $ETH Right at the top. I have started scaling back into my position again. 🤝
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So scared right now All of my friends got liquidated.
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