Although it is my own analysis to take profit at 3905.
I accidentally made a reverse trade. A bit unhappy.
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2u Challenge Day 9 Evening
A support level of $ETH in the afternoon over the past few days has not been broken (Figure 1), followed by a rebound.
Take profit looks to be around 3905.
Then today I am still learning about the relationship between volume and price. If I had understood the volume-price relationship earlier, the sharp drop last night would have actually been a great shorting opportunity.
Unfortunately, my understanding did not keep up, so I do not intend to take that unknown risk.
Trading is actually like this; the type of understanding you have determines the type of money you make. Don’t approach trading with the mindset of getting rich overnight by gambling.
This market is a zero-sum game based on understanding, and only a few people can make money.
How to become one of the few is mainly about being more professional than others and excelling in risk management.
Only then can you possibly profit in the market, rather than being a naive and easy target.
A support level of $ETH in the afternoon over the past few days has not been broken (Figure 1), followed by a rebound.
Take profit looks to be around 3905.
Then today I am still learning about the relationship between volume and price. If I had understood the volume-price relationship earlier, the sharp drop last night would have actually been a great shorting opportunity.
Unfortunately, my understanding did not keep up, so I do not intend to take that unknown risk.
Trading is actually like this; the type of understanding you have determines the type of money you make. Don’t approach trading with the mindset of getting rich overnight by gambling.
This market is a zero-sum game based on understanding, and only a few people can make money.
How to become one of the few is mainly about being more professional than others and excelling in risk management.
Only then can you possibly profit in the market, rather than being a naive and easy target.
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ETH
3,397.31
+0.32%
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