$FIL These past few days, it’s felt like I’ve been peeled back layer by layer.

Last Thursday night, a huge red candle plunged straight from 0.86 to 0.78. At the time, I thought: this is just a shakeout; once the drop is over, it should bounce back.

And it did bounce back, climbing to 0.84. I’d just started to breathe easy when that was it—nothing more.

Starting Friday night, it didn’t crash or rally. It just kept pressing lower, one small red candle after another. 0.82 was gone, 0.80 was gone, 0.78 was gone too. Then another long red candle on Sunday night plunged straight to 0.7189.

From the high of 0.9032, it was down as much as 20.4%.

Then it crawled back, bit by bit. Now it’s 5 p.m., and it’s at 0.7568—only 5.3% up from the low.

What hurts most is that after that huge red candle, I thought the worst was over. But what really did the damage was the next four days, each one a little lower than the day before.

When it crashes, you can admit defeat. When it grinds lower, all you can do is sit through it.

Did you manage to buy in around 0.72, or were you like me, thinking at every level, “Surely this has to be the bottom this time”?
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