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Light a cigarette and look at the 15-minute chart of ETH.
How long has it been since it dropped from 3308? The voices in the group are back: "The bottom has arrived, now is the time to buy." Honestly, there's a reason why losing money with this routine is so common.
Look up at the 1-hour chart. That needle at 3308 directly pierced the head. The current position at 3254? Hanging on the edge of a cliff. Take another look at the trading volume — what has it shrunk to? How much fuel is left in the bulls' tank? Without new funds pouring in, what can push through the previous high?
This sideways movement isn't about accumulating strength. The main force is slowly wearing down your mentality — giving a little hope, making you think "Hold on," then cutting it all at once.
If you're still holding long positions now, ask yourself: Are you gambling on fate, or do you really see through the market? What do the technicals, volume, and main force behavior collectively indicate? Think carefully before acting.