When Old Zhao rushed in through the door, he was as anxious as a gambler whose eyes were reddened from losses.
"Empty Uncle,$ETH 3000 points! This is the iron bottom, can we go all in?"
I ignored him and poured the third brew of tea into the fair cup, with steam rising.
"First, drink tea to cool down."
Old Zhao couldn't sit still, practically shoving the phone screen into my face: "Stop drinking! Look at this needle insertion, clearly there's a main force defending the market, everyone is shouting that the bull is back to speed."
I took the phone, switched to the 4-hour chart, and pointed at the large bearish candle at the top of the screen.
"You call this defending the market? This is gasping at the entrance of the ICU."
Old Zhao was stunned for a moment.
I pointed at the K-line and told him, this is called dawdling.
It seems to have held around 3010, but in reality, the volume has shrunk like a mosquito's leg.
This kind of market is the deadliest.
It gives you the illusion that it can’t fall further, luring you in, and then uses a dull knife to cut your flesh.
“So what now? Just stare?” Old Zhao asked.
I pointed to the area from 3065 to 3080.
“Do you see? There are all trapped positions above, that's the previous chaotic graveyard. As long as the price dares to touch it, the bricks for untrapping will fall down.”
“If it were you, what would you do?” Old Zhao was not disheartened.
I opened the exchange and showed him my orders:
Strategy: ambush short positions in the range of 3065 to 3080.
Logic: If there is no rebound, I won’t move; if it bounces up, just treat it as the main force sending money.
Stop loss: 3130.
“Have you set a stop loss?”
“It must be set. If the bulls can break through 3130, it means the big player has changed. I will recognize the loss and give way to my brother.”
Old Zhao pondered: “What if it falls?”
“The first piece of meat was eaten at 2980, the rest depends on fate, maybe it can reach 2900.”
I patted his shoulder, that is a lesson paid for with a lot of tuition.
“In this trading industry, those who want to eat the fish head and tail usually don’t live long.”
People like Old Zhao, who always want to buy at the lowest point, often end up buried halfway up the mountain.
“Don't be in a hurry to send money. The main force is dawdling, you also have to learn to endure.”
The tea has gone cold, change to a new pot.#加密市场观察 #ETH走势分析
