I was also teased by eth, opened long at 4361, didn't exit until 4391, and ended up stopping out at 4344. Damn it, now it's going up. It seems that I still can't be afraid of losses. Once a trading plan is set, I must stick to it, determining wins based on losses.
失恋了心痛
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Recently fell in love with short dramas, why am I not a strong woman in short dramas, or why can't I meet a domineering CEO to give me some capital or brainwash me, I feel like my brain is sick. This morning I told my friends that today would be a big drop to short, but I ended up losing all my underwear $ETH . Today Ethereum rose from 4414 to 4435 without closing, stopped out at 4390, then went long at 4358 - rose to 4380 and then dropped to 4320 for another stop loss. It keeps going up and down, and I’m so exhausted that I don’t want to move.
I am not talented, but by trading many altcoins, I was able to make over a million in August. I can firmly grasp every bullish market because this is my destined market!
In a bear market, I can withstand better than others; in a bull market, I can earn more than others. This is the fundamental reason why I can survive in this market!
$ETH Now I just want to say. Asking for an explosion! I use my superb day trading skills to earn U every day. I also sold my laptop and added margin. So my liquidation price keeps getting higher! I don't dare to hold long positions for too long because I feel that this price could crash at any moment. So I only dare to take a little and run. It's guerrilla warfare! I am unwilling to stop loss because without stopping loss, there is no loss. This is my core trading philosophy! I will not sit idly by! Moreover, I still have an electric bike.
$ETH One person awake! I can't explode. Never give up. Good luck has to be on my side at least once. When the sun rises, I will sell the computer and add the margin in. Then I can rest easy! The money owed to the loan company was paid off when I was cut by the institutional main force. Because these loan companies are the main force and institutions behind it!
A mother born in '91, losing 2 million from trading coins to contracts, with a husband in a government job selling the house to save me.
I am a woman born in 1991. During my pregnancy in 2020, I frequently saw my cousin trading coins in my social media feed. At first, I thought it was an advertisement, but during a chat, I heard her say she made over 600,000 yuan trading coins, which made me very envious, so I opened an account too.
At first, I didn't touch contracts but bought a lot of altcoins. My cousin mainly traded Bitcoin, which had a high entry threshold and was very expensive, so I could only play around in altcoins.
After trading for more than a month, I made a few thousand yuan. It would have been better to stop then, but I didn't. After losing money, I studied contracts, hoping to quickly recover my losses, but unexpectedly, I got trapped. My cousin advised me not to mess around, to invest a bit of money and buy Bitcoin with her, repeatedly warning me not to touch contracts or altcoins, but I just wouldn't listen.
What should I do? I feel like I can't go up anymore. I'm afraid to increase my position because it might keep falling, and cutting my losses hurts too much. 😭
Market Overview: This weekend, the Bitcoin market experienced a day of consolidation and entered the night session. This morning, the price of Bitcoin once hit a high of $98,700, and then began to pull back in a small cycle, reaching a low of about $97,500. At present, the fluctuation range of Bitcoin is $1,200 above and below, showing the market's volatility.
Support and resistance level:
• Support level: The current $97,500 area shows obvious support strength, and this price level can temporarily stabilize market sentiment in the short term.
• Pressure level: The upper pressure is concentrated around $99,500. If the price breaks through this area, it may face further upward pressure.
Trading strategy recommendations:
1. Wait-and-see strategy: Given that the current market is in a state of volatility, it is recommended that traders pay close attention to the trend of U.S. stocks after the opening of the late trading on Monday. If the U.S. stock market performs strongly, it may help Bitcoin prices stabilize and rebound; otherwise, we need to be alert to the price falling below the support of $97,500, or even testing the range of $96,500 to $94,500 below. 2. Short-term operations: • Pick-up opportunities: If the price falls back to the range of $96,500 to $94,500, short-term traders can consider opening positions in batches and gradually increase their positions after the price stabilizes. • Long-term opportunities: For investors who intend to open long positions, it is recommended to wait patiently for the market to confirm the trend from Monday to Wednesday. It is expected that there may be rebound opportunities during this period. 3. Risk control: • The current fluctuation range is narrow ($1,200), and there is limited room for direct short selling, with a high risk of being trapped. • If the market goes sideways or rebounds quickly (V-shaped reversal), short positions may face the risk of being stopped out. Therefore, it is not recommended to rush to short at this stage.
Summary: Bitcoin is currently near a key support area, and market sentiment is relatively cautious. Traders should pay close attention to the market trends after the opening of the US stock market and flexibly adjust their trading strategies. It is recommended to look for opportunities to take delivery below the stable support, or gradually build long positions after confirming the rebound signal. At the same time, it is important to do a good job of risk management to avoid excessive leverage risks in a volatile market environment.
Disclaimer: The above analysis is for reference only. Investment is risky and you need to be cautious when entering the market.