It's a loss, the counterfeit market has no bottom line, it's simply a scam.
At first, I thought the counterfeit was an investment, then I realized it was gambling, and finally understood it was debt conversion, in reality, it’s a donation.
On December 12th, the large pancake has shown fatigue with seven consecutive increases, looking like a strong crossbow at its end.
The counterfeit has five consecutive decreases, gaining momentum like a rising star.
In the end, the counterfeit dropped to the point of questioning life, in reality, it’s a burial companion.
To be honest, once a downward trend is established, the first wave of bottom-fishing will be slaughtered, even limit orders can get buried, let alone aggressive bottom-fishing.
Ultimately, there will be no major market movements by the end of the year; it is the time with the worst liquidity. The money made from trading coins is definitely a compensation for one's understanding, but there is one fatal mistake: greed!
I’ve been saying to reduce my position by five layers for risk control starting from late December, there were many opportunities to escape, at least the five layers of position were unaffected, yet I still liked to take limit orders, the idea of limit orders isn’t a problem, but try to find buying points on the 4-hour chart; being too aggressive in these past couple of days would have just gotten me buried.
