On December 10th at 2 AM, the USDT exchange rate was 7.32, and the fan group exploded.
$ETH experienced a short-term drop below $3300, with trading volume skyrocketing to $120 million within 15 minutes, filled with questions like "Can ETH find a bottom?"
Some shared their positions saying they would heavily invest for a rebound, while others were panicking and sending screenshots, showing a position with a cost of 3600 already down 8 points.
I immediately called for a halt: "The MACD death cross has just formed, and the lower Bollinger Band has not stabilized yet; this wave is likely a 'trap to lure more buyers',
it will rebound first and then dive, absolutely do not act if it hasn’t touched the 3250 support!"
This wasn’t just empty talk; fan Yang had suffered this loss before.
Three months ago, ETH surged 9% in a single day, and Yang ignored the advice and went all in without setting a stop-loss, only to face a whale sell-off at dawn, dropping 12% within 4 hours, and he lost over $50,000, nearly getting liquidated.
Since then, I’ve guided everyone to only look at volume and moving average signals, never to follow the crowd.
This time, I had everyone set their stop-loss at 3250 in advance.
At 3 AM, ETH rebounded to $3350, and the RSI indicator was overbought, so I immediately notified to reduce the position by half;
By 6 AM, the market fell back to 3280, clearing all remaining positions.
At the close, Yang calculated his accounts, with a net gain of $20,000 on a $100,000 principal, and the average return in the group was exactly 20 points.
Now ETH is still oscillating around 3200, and the real bottom needs to wait for the MA60 moving average to turn.
In the cryptocurrency trading world, emotions are the enemy, while volume and support levels are the real support.
Seeing Yang say, "Finally, I don’t have to cut my losses," I’m even more certain: turning the pits you step into into a compass for others is worth more than anything.
Those who can survive in the crypto space are always the ones who patiently wait for signals.
Follow me for practical tips that can be applied, see you in the Binance chat room.

