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One evening, Minh sent me a photo. It was an old sheet of paper with the following note written on it: “If the price drops to this level, no matter how optimistic you are, you must sell.”
I asked: “How long have you kept it?”
“Five years.”
Five years later, he himself had to use that rule again. At that moment, he had a large profit. The market started to shake, but he still said, “In the long run, I still believe.” I asked: “So why did you write this rule five years ago?” He went silent, then smiled: “Because back then I didn’t have any money in the market. Without a position, I was very rational.”
That’s right. Before entering a trade, everyone finds it easy to set rules. But once real money is on the table, greed and fear often make us change our decisions.
In the end, Minh sold exactly according to the rule. A few days later, the market dropped sharply. He only said: “I don’t know whether the price will go up or down. I just know that I must follow the principles I set for myself.”
In trading, sometimes what protects you isn’t the ability to predict the market, but the rules written down before emotions show up. #45NgayTuDoTaiChinh $BTC #baisha
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With this one sell-off, I actually want to see more.
Last night, the 4H went from 2630 down to 2562. The single-candle trading volume was 750,000 ETH—about twice that of the previous few candles.
The problem is, after it was sold off, it didn’t keep falling.
In the following two 4H candles, the trading volume quickly shrank to around 300,000, and the price held steady in the 2570–2580 range, which suggests that there are buyers picking up around 2560.
Looking at the derivatives contract data, it’s even clearer:
OI fell from 2.35M ETH to 2.33M. With the price down and positions also down, this looks more like long positions being flushed out—not like shorts massively adding.
Whale positioning is still tilted bullish: long/short ratio is 1.62. Over the past hour, the aggressive buy/sell ratio is 1.11—buying demand is back.
So I’m not looking for continued liquidation right now.
As long as 2560 doesn’t break, I’ll look for a rebound. First target 2630; if it breaks through, then look at 2660.
Now chasing a short, I think the risk/reward is pretty bad. $ETH
With a cool breeze rising in the night, another autumn arrives in the world. Time says nothing, yet fallen leaves rustle. Years pass by everyone in the same way, and each person walks through them in their own unique fashion. The spirit of autumn is hidden in the evening breeze; the story of life is written in the four seasons. May this autumn be gentle, may the years pass peacefully, may our parents be healthy, may we grow—and may all the wonders and harvests we hope for meet us unexpectedly.
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