Last night, I thought I’d spotted a flaw in the macro picture. Then the U.S. market opened, and the big players taught me a brutal lesson.
Guys, this really happened last night. Trump had just made it clear he wasn’t going after Iran, so I went with the flow and shorted around $ETH 2280, thinking that easing geopolitical risks would send it down. But as soon as the U.S. market opened, ETH was forcibly pushed above 2,300, and my short got stopped out.
Looking back, I can see through this disgusting move: this wasn’t a bull market comeback at all—it was a targeted liquidation by the big players. They used a tiny bit of fake good news and the liquidity at the U.S. market open to deliberately push the price up and trigger the stop-losses of the shorts clustered around 2,300. Once the bears were wiped out, there still wasn’t enough volume to keep it up, so down it had to go.
Why are the big players afraid to really enter the market? Because Trump also said that if he loses, he’ll become “Mr. Veto” and shut down the government. Politicians are playing a game of flipping the table, while the big players use the volatility to take out both longs and shorts. Only us retail traders are caught in the crossfire.
When all’s said and done, I just couldn’t keep my hands off the keyboard and underestimated the opening spike. Lesson learned. I’m not holding on to losing positions anymore. Unless $BTC breaks above 78,500 on strong volume, it’s all a bull trap; if it breaks below the previous low of 76,270, I won’t chase the short either. For now, I’ll just watch without getting emotionally involved.
Did you get caught in last night’s “short squeeze” when the U.S. market opened? Come commiserate in the comments 👇
#美国中期选举倒计时，美股博弈窗口已开启？ #美国中期选举将至：市场会往哪走？
$ETH
Guys, this really happened last night. Trump had just made it clear he wasn’t going after Iran, so I went with the flow and shorted around $ETH 2280, thinking that easing geopolitical risks would send it down. But as soon as the U.S. market opened, ETH was forcibly pushed above 2,300, and my short got stopped out.
Looking back, I can see through this disgusting move: this wasn’t a bull market comeback at all—it was a targeted liquidation by the big players. They used a tiny bit of fake good news and the liquidity at the U.S. market open to deliberately push the price up and trigger the stop-losses of the shorts clustered around 2,300. Once the bears were wiped out, there still wasn’t enough volume to keep it up, so down it had to go.
Why are the big players afraid to really enter the market? Because Trump also said that if he loses, he’ll become “Mr. Veto” and shut down the government. Politicians are playing a game of flipping the table, while the big players use the volatility to take out both longs and shorts. Only us retail traders are caught in the crossfire.
When all’s said and done, I just couldn’t keep my hands off the keyboard and underestimated the opening spike. Lesson learned. I’m not holding on to losing positions anymore. Unless $BTC breaks above 78,500 on strong volume, it’s all a bull trap; if it breaks below the previous low of 76,270, I won’t chase the short either. For now, I’ll just watch without getting emotionally involved.
Did you get caught in last night’s “short squeeze” when the U.S. market opened? Come commiserate in the comments 👇
#美国中期选举倒计时，美股博弈窗口已开启？ #美国中期选举将至：市场会往哪走？
$ETH
