It's so frustrating, Ethereum has tortured me countless times!

I woke up from a sleep and found my position has lost a lot... Last night I opened a long position on Ethereum at 1950, I was so tired that I just placed another long order at 1850 and went to sleep, but I didn't sleep well. I woke up around 7 AM, checked my position, and saw it was at a loss, then noticed Ethereum was at 1750. I was thinking about adding to my position, but hesitated. I didn't dare to gamble near 76000 for Bitcoin either, because I was holding Ethereum positions. If I were holding Bitcoin positions, my mindset would change significantly, which could easily affect my judgment on trends. So I didn't add to my Ethereum position nor did I enter a long position on Bitcoin. At this point, my average price for Ethereum is 1906, and I see the rebound strength is decent, so I set a take profit at 1912 and then didn’t check again. I just looked, and it hit the take profit, indicating that the rebound strength is still good. I'm disappointed, completely disappointed with Ethereum!

Entering a long position near 76000 for Bitcoin has a very suitable risk-reward ratio; setting a stop loss of 500 to 1000 points, later Bitcoin rebounded by 4000 points, and the next high point is around 84. Let's see if it can continue to break through; otherwise, it will have to continue to dip.

Ethereum has tortured me countless times, but luckily I managed to hold onto this position. I don't recommend everyone to mimic this; if you need to stop loss, stop loss. The premise of averaging down is that your position size is not heavy; otherwise, averaging down can be quite painful. Ethereum has stopped falling around 1750, so this position can also be seen as support, with resistance online at 2000. If it holds above 2000, I will consider entering a long position on Ethereum; otherwise, I will mainly consider shorting at high levels.

As for the altcoins, there's no need to mention, they are on a path to zero.

With rises come falls, and with falls come rises. The drop yesterday was quite harsh, but looking at the rebound, I am bullish. $BTC #美股大跌