Institutional Harvesting New Play: Your Position is Being Silently Harvested!
Recently, this kind of fluctuating market makes it hard for ordinary retail investors to make money.
The market is already dominated by large funds, which manipulate prices through frequent buying and selling, unlike the past where there were clear upward or downward trends. This has led to many people's positions suffering losses even when the price hasn't changed much.
Taking Ethereum as an example, it is crucial to observe whether it can hold above $2900. If it effectively breaks down and cannot quickly recover, the price may continue to drop to the range of $2716-$2778. Conversely, if there is a rapid deep drop followed by an immediate rebound, one might consider short-term follow-up to go long.
This morning, the price briefly dropped below $2892 but quickly recovered. In this situation, retail investors going long must set their stop-loss around $2974. When the price approaches $2970, long positions should consider exiting; don't get too attached to the trade.
It is important to be wary that in a downtrend, the biggest illusion is thinking that 'the price has dropped enough.' The market's bottom is not determined by individual judgment; a lack of widespread consensus on buying can lead to failure even for large funds. The advantage of capital is not absolute; many past cases of institutional bankruptcies have proven this point.
If you currently feel helpless and confused in trading, and want to learn more knowledge and cutting-edge information, follow me to avoid getting lost in the transition between bull and bear markets.
