$ETH 10.20 Ethereum (ETH) wicks and doji candles: understand today’s candlestick, and the rest will make sense
Honestly, since this drop from 2,800, more than one friend of mine has bought the dip at 2,600, added at 2,500, and bought more at 2,400. Now they’re so heavily positioned they can’t sleep at night. I never advise people to buy the dip, because bottoms aren’t guessed—they take shape over time. Look at the low of 2,313 on the chart. When it first fell to that level, who would have dared say it was the bottom? You only know in hindsight, after the rebound. Until it gets back above 2,454, I treat every rally as a bounce. Position sizing is always more important than calling the direction. Even if you get the direction right, it’s no use if your position is too large and you get shaken out. At this stage, staying in the game matters more than making money. Refer to the chart for order book data and analysis.
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