-6.56%—that’s the answer ETH gave me this morning. Bitcoin wasn’t doing much better: at 74,000, it plunged in one straight line from 76,200 to 73,500.
I got liquidated.
At dawn, I was still telling myself, “The longer it hugs the edge, the more likely it is to break—but let’s see if it can reclaim the level first.” Well, it didn’t just break; it failed to reclaim it, too. All my orders below 7,400 got stopped out in those long-wick dips, and the little margin left in my account vanished overnight.
The worst part wasn’t losing money. It was that I saw the risk coming. When it tested 2,222 three times, I kept reassuring myself, “If it hasn’t broken through after three tests, support must be strong.” Then the fourth test smashed right through, without even a decent bounce. When the liquidation text popped up, I stared at the screen for half a minute without moving.
In the second half of the night, volume came pouring in—559 contracts in an hour, compared with just a few dozen during the lull. The big players showed no hesitation at all as the price fell.
After ETH broke below 2,090, the next level to watch is 2,050. Don’t rush to buy the dip until BTC reclaims 74,800. I’m in no position to give advice after getting liquidated, so I’ll just say this: don’t be like me—cut your losses instead of stubbornly holding on.
Tell me in the comments how your night went. If you got liquidated, comment 1; if you’re still hanging in there, comment 2.
#BTC #ETH
I got liquidated.
At dawn, I was still telling myself, “The longer it hugs the edge, the more likely it is to break—but let’s see if it can reclaim the level first.” Well, it didn’t just break; it failed to reclaim it, too. All my orders below 7,400 got stopped out in those long-wick dips, and the little margin left in my account vanished overnight.
The worst part wasn’t losing money. It was that I saw the risk coming. When it tested 2,222 three times, I kept reassuring myself, “If it hasn’t broken through after three tests, support must be strong.” Then the fourth test smashed right through, without even a decent bounce. When the liquidation text popped up, I stared at the screen for half a minute without moving.
In the second half of the night, volume came pouring in—559 contracts in an hour, compared with just a few dozen during the lull. The big players showed no hesitation at all as the price fell.
After ETH broke below 2,090, the next level to watch is 2,050. Don’t rush to buy the dip until BTC reclaims 74,800. I’m in no position to give advice after getting liquidated, so I’ll just say this: don’t be like me—cut your losses instead of stubbornly holding on.
Tell me in the comments how your night went. If you got liquidated, comment 1; if you’re still hanging in there, comment 2.
#BTC #ETH