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Today I caught two waves. Sometimes, there really isn't a need to open a position based on market trends.
Currently, in my personal opinion, ETH has resistance at 3770-80, with a bearish bias around 3720-3690-46. The variables for larger positions are too significant, so let's take it step by step.
It is currently advisable not to short sol and to avoid trying to hit the top.
The large pancake structure and pattern are bearish from the four-hour to daily lines, and at least there is no sign of increasing volume. Currently, only ETH is relatively strong, and SOL has also shown a one-sided trend like Ethereum, so it's best not to short SOL.
Remember what I said:
Be patient, control your hands, reduce positions, be willing to exit, ensure capital preservation, and avoid greed.
Risk control is always the top priority. You can earn a lot, but you can also lose a lot. So if you manage risk well, there are truly infinite possibilities in this space.
Finding one's own problems means that one must forcefully change them. The reasons for countless losses can be summarized into just a few:
1. Emotional at the top
2. Heavy positions without stop loss
3. A light position also does not involve stop-loss, adding to the position all the way against the trend.
4. Self-righteous.
Actually, upon careful consideration, it's not a big deal if the direction is wrong; as long as you stop the loss, it’s fine. The key is to view this market rationally and not be stubborn.
In the end, all the losses, to put it bluntly, are like a dog that can't stop eating shit. I don't even know how many times I've scolded myself for it. Everyone should reflect on this as well.
I'm already numb, completely submissive after being taught a lesson~