Last night's price action with the up-and-down spikes, if you managed to not incur any losses, then you did really well, because even if you made the right call and set a strict stop-loss, getting taken out is normal.
From the smart money sentiment chart, it can be seen that ETH is still dominated by short positions, but the short position volume yesterday was 200,000. After last night's spike, the volume has dropped to 100,000, indicating that a significant amount of smart money was also stopped out yesterday. For example, in the second chart, this smart money with 25,000 ETH short positions was stopped out by the spike, with a single loss of 200,000. Even those who often walk by the river will occasionally get splashed.
As mentioned yesterday, 2800 is still not the low point of this round; the current market's bearish energy has not yet been fully released, and bottom-fishing to go long can only be a bet on a rebound.
From the smart money sentiment chart, it can be seen that ETH is still dominated by short positions, but the short position volume yesterday was 200,000. After last night's spike, the volume has dropped to 100,000, indicating that a significant amount of smart money was also stopped out yesterday. For example, in the second chart, this smart money with 25,000 ETH short positions was stopped out by the spike, with a single loss of 200,000. Even those who often walk by the river will occasionally get splashed.
As mentioned yesterday, 2800 is still not the low point of this round; the current market's bearish energy has not yet been fully released, and bottom-fishing to go long can only be a bet on a rebound.
