People who’ve made money in contracts get liquidated even faster than beginners.
I learned that from my own real money.
Yesterday, when XRP surged to 1.0584, an older guy chased it with a more-than-20x long, telling me it was solid.
Today, XRP dropped straight to 1.0257—a decline of 2.48%—and his trading account had most of its principal wiped out.
If it dropped a little further, it would’ve liquidated him, so he manually cut.
He told me he had thought about stopping the loss, but he just felt like it would bounce back.
He was afraid that once it got swept, he’d never be able to re-enter.
In the end, the market was far more straightforward than he expected: MACD was bearish, RSI was already near 30, and the price was still grinding downward.
He said he watched the support around 1.015 all night, not getting any sleep.
After he cut, he closed the contract, moved the money to spot, and this afternoon he actually took a calm one-hour nap.
Leverage: when you profit, it makes you feel like you’re capable. When you lose, you realize you’ve been licking blood off the blade.
My account is all in spot now. I just occasionally check the charts—pretty much like watching the show.
I’m going to close my contracts. Tonight I’m going to sleep soundly.
Everyone asking for updates is probably staring at the big promise; I rubbed my eyes first. The ZBT early-session long bullish candle made me snap back to reality.
ZBT’s current price is 0.1708, up 31% in the past 24 hours. It peaked at 0.2076 and bottomed at 0.1267. Trading volume is 32 million USDT—fairly significant for a new coin.
The RSI is already close to 80, so the overbought signal is clear. The MACD fast and slow lines have opened wider above the zero axis, and the bullish alignment is still accelerating. But the MA5 hasn’t fully caught up yet; the price is too far from the moving average—this is the most dangerous part.
The upper Bollinger band has already been broken through. Price is trading outside the upper band; at this position, it’s either the start of a major upswing or a bull trap. The volume-backed surge is real money entering, but the sell/offload volume during the pump is just as heavy.
0.2076 is the 24-hour high, and all the trapped orders above are stacked there. 0.1267 is the gap level where the move started; if price falls back here, it means the bulls have retreated.
What I plan to do: if it pulls back to 0.15 and doesn’t break, I’ll follow with a small position. If it breaks 0.1267, I’ll admit the mistake and exit. If it rises back toward 0.20, I’ll cut some first; the rest will be kept to see whether it can break the previous high.
What feels strange to me is that at around 4 a.m., ZBT first released volume and launched the initial wave. At that time, there weren’t any retail buyers in the buy orders.
Misjudging this level could make you lose two green candles in a single day.
ADA premarket is slightly bullish, but this is going up on shrinking volume—don’t really treat it as strong momentum.
The price is 0.2025, moving along the MA5. MA5 is at 0.2024, which is just being held. MA20 is at 0.1975, not too far away.
RSI is 67.5—strong, but not yet overbought. The bulls aren’t out of control. MACD is red histogram with bullish momentum; the DIF has risen to 0.0031, and the momentum is fairly moderate. The Bollinger Bands are positioned slightly above the upper band, with a bandwidth of 15.5%, and there’s no clear widening.
The issue is volume. Trading is only 0.55 billion USDT, about 0.4x the 20-day average. It’s contracting quite sharply. A 6.13% rise without volume suggests there isn’t much selling pressure, but there also aren’t many people chasing.
My plan is like this: if it pulls back to 0.2024 and doesn’t break, I’ll follow with a small long position. If it breaks down below 0.1975 (MA20), I’ll admit I’m wrong and exit—I won’t hold through it. Above, 0.2117 is the 24-hour high; near there I’ll trim.
There’s only one key risk: a volume-backed breakdown below 0.2024. If that happens, the bullish structure is damaged. This kind of low-volume rally can be wiped back to square one with a single bearish candle.
In the early session, watch the volume first. If you can’t see volume, 0.2117 won’t be able to break through.
Yesterday I missed a trade that could have made me money. I didn’t not know when to enter—the problem was that my hand moved faster than my brain. I rushed into another coin first and got stuck in a loss. When the one I really wanted to buy finally dropped to the right level, I had no ammo left.
After that, I set myself a rule. Any impulsive order—wait ten minutes first. After ten minutes, if you still want to place the order, then place it.
I kept watching until almost dawn—the urge to trade was still there. Just now I saw $HEI . Current price: 0.203000, down 28.45% in 24 hours. 24-hour trading volume: 113 million USDT. With this chart back then, I would’ve rushed in to catch a falling knife. Now I just count myself a few dozen minutes. Once ten minutes passed, my hands were still empty. This rule has already helped me avoid half of the losses.
How much of the money I lost was “killed” during those ten minutes?
At 2 a.m., someone got knocked down at 1892, and the buy order below took up the whole lot in one bite.
ETH is moving along the MA5. Current price is 1914. It’s holding above the MA20. As long as BTC doesn’t move, it won’t move either.
Trading volume is 379 million U, and volume is shrinking sharply. Whoever makes the first move will be the one who suffers.
RSI is 54.4—slightly bullish but not overbought. The long side still has solid footing.
MACD is bearish. DIF is 5.37, and the histogram is narrowing. Even if it’s holding above the moving averages, don’t take it too seriously.
The first resistance above is 1924.6. When the rebound reaches here, short-term traders are likely to exit.
Bollinger Band bandwidth is 2.2%. Price is pressing against the upper band. 1928 is the concentrated-volume zone from two days ago—hard to break through.
Downside first looks at 1861.3, the start of the bullish candle. If it breaks, it leaves only 1855.5.
1861 to 1855 is the defense zone. Once it breaks below, the shorts accelerate.
I plan to place longs with entries at 1905–1908, stop-loss at 1848. If it breaks below 1855.5, I’ll admit I’m wrong.
First target is 1924.6. Cut half the position there, and the rest will look toward 1928.
This is within my tolerance range—no guarantee.
Don’t place your stop-loss so close to support when you put in orders at night. BTC could spike down with a wick and sweep you first.
If BTC dumps, hold ETH as long as it doesn’t break 1861.3. If it breaks, then exit.
If BTC rallies, add again only after it holds above 1924.6. If it can’t hold, then wait.
With this kind of volume, it’s hard to tell whether it’s a real breakout or a fake. Place orders only for probing, and wait for confirmation on increased volume.
At this time last week, BTC was still hovering above 65,000, dragging its feet— even the wicks were poking with little energy. Now it’s different. The price is lying at 64,644, and it’s only a few hundred bucks away from the 24-hour low of 64,172. Liquidity in the early hours is as thin as paper. I say this every time, and people never believe me—but that’s exactly how the chart moves.
Starting from 9 last night, three straight 15-minute bearish candles smashed the price from 65,025 down to 64,172, yet volume kept shrinking. Interesting, right? A dump without volume suggests it’s not really mass panic selling—there just aren’t enough buy orders; with only a few short orders, the market gets smashed into a pit. MACD is in a bearish alignment. The DIF is 48.11, but the RSI is 52.0 still sitting above the midline— even the indicators are fighting each other.
Right now there’s only one key level: 64,583, the MA5. Price is hovering along the MA5, while the MA20 at 64,673 is pressing down. The two moving averages are almost sticking together. In this situation, it usually doesn’t grind for too long. In the early morning, either volume surges to pick a direction, or it continues to pretend to move sideways while waiting for another wick.
My plan is to place a buy limit at 64,100 to take in orders, with a stop-loss at 63,880. 63,880 is S1 and also last week’s dense traded zone. If it breaks, it means the shorts are drawing the curtain—I’ll admit I’m wrong. Above 65,025 is R1. It couldn’t break through tonight despite a few pushes. If it breaks with volume during the day, I’ll consider adding.
Turnover is 721 million—down to just a fraction of the 20-day average volume. With this kind of volume, any “high sell, low buy” maneuver is basically just handing over fees. If at 1–3 a.m. it suddenly wicks downward, don’t panic—first see whether 63,880 can hold. If it doesn’t break, it’s just a wick; if it breaks, it’s drawing the curtain. One character’s difference, and the position risk is worlds apart.
Anyway, my orders to catch the wick are all set. I’m betting that when liquidity is thin, that wick will be long enough—but not deep enough. Whether it works or not depends on luck.
Everyone thinks they can handle it. When you really start losing money, your hands will tremble.
Arieli says, people are predictably irrational. When you lose the same amount of ten thousand, the pain doubles if it’s the coin you chose. Because it was your choice. Your pride got trapped along with your position.
Today $ETH 1,917, it’s up 2.14% in the last 24 hours, with trading volume of 434 million. When I look at this trading amount, I don’t think about what happens next. I think about how many people cut out after a fake fall in the morning. After cutting, when it bounces back, it feels worse than if they hadn’t bought at all.
Holding on stubbornly is because admitting you were wrong is too painful. So painful you’d rather lose all the money than accept you misjudged.
Before I lie down tonight, I ask myself one thing: Do I truly have control, or am I just afraid to look at my account?
This morning I said BTC would pull back to 63,500, and in the end it stopped after dipping no lower than 64,172. I’ll take this slap.
All day was just one big doji. High 65,025, low 64,172, and it closed at 64,434. Volume was 751 million USDT, down 40% from yesterday—both bulls and bears don’t have much drive.
BTC’s daily RSI has fallen to 46, not oversold. The MACD is stuck below the zero line with no sign of a golden cross. MA5 is pressing down on MA20, and price is caught between the two lines—classic look of a bearish continuation.
The 64,172 level is a bit interesting: it’s around the 0.618 retracement of the pullback from the wave that came up from 61,200. Today marks the third time it’s been caught there. Above, 65,025 is the starting point of the high-volume selloff from the day before yesterday—there’s trapped-supply pressure overhead.
ETH, on the other hand, is showing backbone. After hitting a low of 1,873, it rallied to 1,928 and is currently at 1,908. RSI is at 52 and the MACD has just printed a golden cross. Volume is 426 million USDT, slightly higher than yesterday. Money seems to be rotating into ETH—makes you suspect someone is setting up positions in advance.
HEI is up 28% to 0.257, with 115 million traded. This kind of single-day “cold-food meme” spike is pure sentiment trading—has little to do with fundamentals. Whoever chases it is the one who gets stuck with the bag.
Right now there are three possible paths: The most likely is continuing range consolidation. The condition is BTC holds 64,172 and ETH doesn’t break below 1,873. The second is a weaker move—if BTC breaks 64,172 to the downside on increased volume, then it’s very likely to test 63,000. The strongest scenario is the least likely: BTC needs to first reclaim 65,025, then watch for volume to stabilize and hold above MA20.
I can’t read it clearly, and I admit I might be wrong. But a wallet matters more than face.
If BTC tests 64,172 again without breaking it, I’ll put on a 20% position to go long, with a stop loss at 63,950. First target: 64,800. If it breaks 64,172 on increased volume, I’ll flip to short—stop loss at 64,450, targeting 63,000.