$ETH
Fast needle blood wash long positions!
Early this morning, Aunt Big Cake's fast needle led the avalanche of counterfeit coins, with 570,000 people liquidated across the network, wiping out over 1.7 billion U in long positions. I personally suffered a loss of over 20,000 dollars, retracting a large portion of my recent profits in counterfeit coins. My WIF was originally profitable by over 10,000 dollars, but due to the market conditions, I lost 7,000 this month. Sigh 😔
Yesterday:
I mentioned in the post that Ethereum at 3860 could be a short-term long position, and it indeed went up, but because I wanted to hold for the market conditions, I didn't exit, and in the end, it came close to breaking even. It dropped to 3750 in the early morning, which was the stop-loss point I mentioned, so I increased my position and went long again, resulting in an 8000 U loss at stop-loss. The difference from December 6th last night is that there were two large needles inserted. Such market conditions are unpredictable; the K-line indicators fail in this kind of market because there is no basis; it's the institutions clearing out positions.
Tonight:
I personally suggest not to operate, or to place a buy order at the low point from last night. Many small investors followed in after the dip last night, but then another dip occurred. My personal analysis is that there will be another wave of decline tonight before a rise, washing out the bottom-hunting sentiment.
My personal loss orders are at the bottom of the chart, and profitable orders will be announced in the next post. I am still holding FIL, no need to panic.
How are you all? Are you still there?
