Is ETH playing with a 'false rebound' again? I helped my group friends avoid the waterfall and made 8%

"Bro, ETH has three consecutive bullish candles, is it really the bottom?" Early Sunday morning, Xiao Bei tagged me in the group.

I shared a chart: the price is getting narrower in an upward sloping wedge, looking like it's about to take off, but the direction is actually reversed—this is a typical 'guiding wedge', and the starting gun hasn't fired yet.

I advised: this thing is luring in buyers, wait for it to break the lower boundary before taking action, don't rush.

Sure enough, early Monday morning the bears shot down hard, hitting a low of 2940, and the group was wailing.

Our previously placed short orders triggered automatically, entry price 3020, closing price 2940, 80x leverage? No, we only used 2x, pocketing 8%, easily earning 160 USDT.

It was Xiao Bei's first time following a trade, his 800 USDT account instantly turned into 868, he excitedly sent a voice message: "So rebounds can fool people too!"

I replied: it's not the rebound that fools, it's human nature to want to hear good news.

The guiding wedge uses this trick—"To seek its destruction, first make it crazy."

The upward sloping channel tricks the bulls into getting on board, then it drops sharply, and that's when the trend truly begins.

From April to August, ETH played the same game, the method was identical, that time it dropped from 3400 to 2900 after breaking down, a decrease of 15%, those who kept up with the rhythm made a lot of money.

This time, we are no greedier, taking 30% profits and moving them to a cold wallet, waiting for the next wedge.

There are opportunities every day; you need to save your bullets well.

Don't let the bullish candles dazzle your eyes, first learn to see the 'starting blocks', then listen for the starting gun.

Surviving is what makes a long-term winner.

Those who can survive in the market and still make money have always been the ones who dare to reach out first.

Are you ready? @bit福多多

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