The market has started to hype the recession, and going long in the short term is just playing for a rebound. Don't hold onto illusions; the balance of power can easily shift, and the passage of time benefits the bears. For someone who has been cursing me for more than half a month, I can't bear to block them just for fun. I estimate that today they got trapped and will be mocked by me, and will take the initiative to block me. With this mindset, how can you trade? You're a waste, hurry up and go back to farming.
Still the same saying, narrow fluctuations allow you to break through, resulting in you just focusing on those 1 or 2 points up and down, I protect the pattern and get mocked, only to have the final direction taken away in one wave?🤪 $ETH
I was thinking that the real market hasn't lost money these past couple of days; the pullback is generated from the profits of winning trades. A bunch of people popped up to advise me not to get too emotional, and some are even attacking me directly. 😅
Of course, I completely misjudged this wave of the market coming down from 85,000; shorting is indeed difficult. If you don't proactively take profits on the left side, it's hard to navigate through various false breakouts.
Currently, I'm not in a hurry to catch the bottom; at least on the left side, I will wait until 74,400, which is the vwap from the starting point of this bull market on the weekly chart, and it should have decent support. Even if it drops to an extreme point of 69,000, adding to positions would still be a good defense.
And just a reminder, following trades, especially on Binance, is very unfriendly for followers. The slippage issue is not something I need to complain about; a 10% weekly settlement on dry shares also greatly impacts profits. If your skills aren't sufficient, you won't understand the following trades either, and even if you make money, you'll lose it back elsewhere.
I'm here to gamble too; my position in the real market is a high-stakes bet. Either the returns go up, or it goes to zero, so I suggest not to follow.
#加密市场观察 In the later stages of consolidation and fluctuation, it’s not that one cannot trade, but when the direction is wrong, one must stop losses in time, be bold to reverse positions, and even after reversing, accept one's own stop losses. Accept wear and tear, but not losses. Subjective traders easily make the mistake of confusing fluctuations with trends in this scenario. After a few stop losses, their mindset can explode, failing to execute their established trading plan, ultimately leading to huge losses. Trading in a range is about constantly accumulating correctness, brewing a huge mistake; trading in a trend is about continuously correcting mistakes, brewing a huge success. Especially for live traders, losing two consecutive trades can lead to overwhelming criticism, while those who make money are often quick to kneel and call others 'grandfather', but when losing money, they wish nothing more than to truly curse your entire family 😂. Ordinary people without a big heart probably can't withstand this pressure. Fortunately, over the years, I've gotten used to the many bosses from Texas private tables guiding the professionals, and my mindset has improved. The absolute amount of the trades is not large for me, and I can bear it [rabbit]. #Trading Diary# $SOL
The only recent hotspot on-chain + expectations for tokenization of US stocks have boosted this, Ethereum has broken through and retested the trend line and VWAP of this decline; if it stabilizes, we can expect below 2500, Can you please stop PUAing me?