The day’s about to break, and my eyes are still on the screen.
That line from *Asymmetric Risk*—it’s like a needle, piercing right through.
Risk isn’t about how much you lose. It’s about whether, when you’re losing, you still have the right to keep playing.
Right now XPL is at 0.074690, down 2.19% over the last 24 hours, with $149 million USDT in volume.
This price doesn’t feel unfamiliar to me.
When it drops, the money is still moving in and out. That means some people are desperate to get out, and others are desperate to take in.
But who’s right and who’s wrong—those accounts have to wait for time to settle.
There’s one thing I know for sure. When you’re winning, you must be able to hold. When you’re losing, you must be able to cut back fast. If that ratio is wrong, even the highest win rate is useless.
The book says: don’t strive to win every time. Strive to be able to afford it when you lose.
Today’s market puts this lesson right in front of me.
This isn’t asking me to guess the direction. It’s asking me to remember— position size is worth more than directional judgment.
This isn’t a smart method. It’s the capital for staying alive.
0.2300 pending orders layer was completely eaten up overnight.
ACE is now at 0.2277, up 32%, but the volume is not right.
At 0.47 billion USDT, the volume is less than 1.5x—this is a volume contraction confirmed.
Early-morning liquidity is thin; just a few large orders can push the price up. Don’t treat this kind of move as the real main entry.
RSI 66.8 is on the strong side; it’s just a breath away from being overbought. MACD is bullish, DIF=0.0163. MA5=0.2242 is above MA20=0.197, and the price is walking along MA5. The structure is indeed bullish.
The problem is the volume. If real money truly entered, it wouldn’t be this compressed.
R1=0.2376, which is exactly the 24-hour high. If it doesn’t break, it’s basically a double top. If it does break through, you still need volume to confirm.
Support below is at 0.132; both S levels are in this area, but they’re too far from the current price. The middle is basically a vacuum zone—if it breaks MA20, you directly have to watch what it does next.
My own plan: if it retraces to 0.2242 without breaking, I’ll try a small long position. If it breaks 0.197, I’ll admit I’m wrong. I’ll cut half first at 0.2376.
This is my own way of trading—I’m not telling anyone to follow.
After this low-volume pump, it’ll need to be tested again after daylight.
At this 1911 level, overnight limit orders are really thin. A single trade of tens of thousands of USD in an empty (short) position—straight through 1905, then it rebounds back to 1915.
ETH is still moving in sync with BTC for now, but when the market drops, ETH is softer; when it rises, it lags a bit.
Tonight I plan to play just one direction: bullish. If the pullback around 1904 holds (doesn’t break), I’ll go long. Stop loss at 1869. Target at 1923. I’ll keep the position size to the minimum—purely betting on the liquidity flow in the early hours.
Technically, things haven’t really gone bad. MA5 is at 1914, MA20 at 1904. Price is above both moving averages, so the short-term structure is still bullish. RSI is 62.9—strong, but not yet overbought, with room to move higher. MACD’s DIF is 3.2459, above the zero line, and the bullish alignment is still intact.
But trading volume is only 283 million, shrinking to half of the 20-day average volume. A breakout on such low volume doesn’t have a solid foundation. The Bollinger Bands have tightened to just 1.7% bandwidth—overnight it’s likely to choose a direction.
Let’s make the key levels clear. Around 1869, S1 and S2 overlap—this is a dense short resistance zone. If it breaks, it can trigger a chain reaction of stop-losses. If it doesn’t, then it’s basically a hard floor. 1923 is the 24-hour high—only a volume-supported breakout to and above it counts as a real break. A touch while volume is thin is just handing out headshots.
If BTC suddenly spikes with a pin early in the night, first check whether 1904 can hold. If 1904 breaks, the next stop is directly 1869, with almost no decent follow-through in between. Don’t place limit orders at the middle price levels overnight; market orders are easily slapped back and forth by those up-and-down pin wicks. I’m used to placing orders at the two extremes: 1869 and 1923, and I ignore the fluctuations in the middle.
With insufficient volume, I only recognize half of this breakout.
Earlier today I told myself, “Tonight, keep your hands under control.” But then $BTC just arrived at 64,840, and my hands were faster than my brain.
I used to always say: “I understand the principles.” But I couldn’t put them into practice. And that sentence itself is the problem. If I can’t do it, what counts as truly understanding? At best, I’ve only memorized it.
Remembered in your head versus grown on your hands are two different things. If you truly understand, your body will move on its own. No need to think. No hesitation.
Right now, in the past 24 hours it’s up 1.13%, with trading volume of 916 million USDT. I watched this chart all day, and I rewrote the plan three times. The entry points I should have waited for weren’t waited for; the short setup I should have taken wasn’t taken. It wasn’t just greed—greed overrode the plan I wrote down.
The chance to spike at dawn—if you hesitate, it’s gone.
First, let me talk about the risks I see.
RSI is 75.4, hovering above the overbought line. Chasing longs in this condition is basically carrying someone else’s sedan.
Trading volume is only a fraction of the 20-day average—about 0.932 billion USDT. It can’t support a push to heights above 65,000.
At dawn, liquidity is thin. It’ll either be a spike or a drawdown in a “door painting,” and the move won’t be small.
MACD is bullish: DIF=209.50. But it has lag. By the time it flips, you may already be up on the mountain.
The signals lean bullish, but a rally on shrinking volume is bullish in a way I don’t believe is solid.
MA5=64,579 is hugging the price. With the slightest pullback, the first support level is gone.
The real supports are 62,716 and 62,751—more than two thousand dollars away from the current price. This entire range is basically a vacuum.
Bollinger Band width is only 1.9%. It’s been compressed this tightly—volatility expansion is coming soon.
I plan to buy a small amount on the pullback to MA20=64,348, using 30% of my position. If it breaks below 62,716, I’ll admit I’m wrong.
Upward resistance is at 65,050 and 64,888. They’re so close. Without volume, it can’t get through. So I choose to reduce my position first.
RSI is pressing against the overbought line, and the four-hour timeframe has a hint of divergence. Chasing longs is like handing your stop-loss over to the market maker.
I might also get it wrong. A dawn spike could sweep your stop-loss level straight away.
At 3:00, let’s see after the four-hour candle forms.
Seeing the record from three months ago, I froze for a moment.
The direction was completely right. The entry and exit points weren’t bad either. It was just all that back-and-forth, and in the end there wasn’t much left.
Frequent take-profits and stop-losses—fees ate up faster than profits.
Today BTC is 64,802, with trading volume of 952 million USDT, up 1.15% over the last 24 hours. If I’d seen this market three months ago, I definitely would’ve chased in and done T.
Now I know—doing nothing is also a kind of action.
Back then, the last line in the notes was: your judgment is valuable, but your hands aren’t.
Before sleep, I looked again—and that sentence is still, the fuck, true.
When your hands are idle, that’s the first driver of losses.
If you didn’t exit the position you boarded at 64,100 last night, then today when BTC returned to 64,980, you could see the profit.
But what you were thinking back then wasn’t to take profit—it was to touch 65,500. After that pullback, half the profit was gone, and even the principal started to feel unstable.
In the *Tao Te Ching*, the line “To be content is not to bring humiliation; to know when to stop is not to be in danger.” Translated, it means: in the crypto world, the two most expensive words are called “knowing when to stop.”
How many people didn’t fail to make money— they made it, but refused to leave, and in the end they handed back not only the profits, but the principal as well.
Today $BTC 64,980: 24-hour trading volume is 960 million USDT. The market isn’t exactly hot, but it’s not cold either. It just happened to demonstrate this line: Only those who can stop are the ones who can keep their money.
While reading at night, I turned to this page—it was worth it.
BTC tonight is calm and uneventful. 64,254, moved 1.08% in 24 hours. The $874 million USDT in trading volume—normally you wouldn’t even bother saying hello.
In *The Art of War*, there’s a line: first make yourself invulnerable, then wait for the enemy’s opportunity to be vulnerable. Translated, it means—first make sure you don’t die, then wait for others to make mistakes. If the market hasn’t given you a chance, don’t rush in.
The chart is quiet, but that doesn’t mean nothing is happening. It’s because most people are waiting—waiting until fear reaches its peak. Waiting for someone to crack, and then hand over the bloodied chips.
By the lamp, turning pages and turning pages, the more you read it, the more it feels true. My position is still alive—that’s already step one of winning. The rest—wait for time to deliver other people’s mistakes to you.
By the lamp, turning pages—the passage of time feels even slower than the market.
ETH current price 1,899—honestly, I don’t have much of a reaction in my heart.
Price is sitting on the MA5 at 1,899, but the MA5 and MA20 are almost flat between 1,899 and 1,904, suggesting neither buyers nor sellers have much momentum in the short term. RSI is 38.9—still some distance from being oversold, not extremely stretched, but clearly on the weaker side.
The MACD is arranged in a bearish configuration, moving below the waterline—this is suppression. The volume ratio is 0.0, with a severe contraction in volume. With a trading value of 287 million USDT, there isn’t even a decent amount of selling pressure, and it also can’t absorb the buy orders.
The Bollinger Bands have opened by only 1.8%. The upper and lower bands are 1,922 and 1,887. Price is oscillating around the middle-to-upper band, which looks like the late stage of a tightening range. Direction hasn’t been chosen yet, but the bearish signals are more complete.
My own take is: 40% chance of a drop, 40% chance of range-bound movement, and 20% chance of an up move. For an up move, you’d need to reclaim 1,904 with increased volume and stand firm above the MA20—right now, that’s not in place.
Key support is 1,869, a densely packed prior-low area. If that breaks, stop-loss orders are likely to rush in. Resistance is 1,919, the 24-hour high, which also corresponds to the Bollinger upper band.
My plan is: if it falls to around 1,869, and I see a volume-contracted rebound, I’ll try a small long position. Stop-loss at 1,850; target 1,904 to reduce exposure. If there’s a high-volume break below 1,869, I won’t chase—I’ll wait for the next confirmation signal.
Don’t let your position size get ahead of your judgment—I remember that.