Take a cigarette and look at ETH's 15-minute chart.
How long has it been since the drop from 3308? Those voices in the group are popping up again: "The bottom is in, time to buy the dip." Honestly, there's a reason people lose money with this routine.
Look at the 1-hour chart. That wick at 3308? It went straight into the top. Now at 3254? You're hanging on a cliff edge. Look at the volume too—it's shriveled up to nothing. How much fuel is left in the bulls' tank? Without fresh capital flowing in, what's going to push through the previous high?
This sideways consolidation right now? It's not accumulating strength at all. The whales are just there slowly grinding away at your psychology—give you some hope so you feel like you're "holding on," then they cut it down in one stroke.
If you're still holding a long position right now, ask yourself: Are you betting on luck, or do you actually see through the market? What do the technicals, volume, and whale behavior all point to when you add them together? Think it through before you make a move.
Take a cigarette and look at ETH's 15-minute chart.
How long has it been since the drop from 3308? Those voices in the group are popping up again: "The bottom is in, time to buy the dip." Honestly, there's a reason people lose money with this routine.
Look at the 1-hour chart. That wick at 3308? It went straight into the top. Now at 3254? You're hanging on a cliff edge. Look at the volume too—it's shriveled up to nothing. How much fuel is left in the bulls' tank? Without fresh capital flowing in, what's going to push through the previous high?
This sideways consolidation right now? It's not accumulating strength at all. The whales are just there slowly grinding away at your psychology—give you some hope so you feel like you're "holding on," then they cut it down in one stroke.
If you're still holding a long position right now, ask yourself: Are you betting on luck, or do you actually see through the market? What do the technicals, volume, and whale behavior all point to when you add them together? Think it through before you make a move.