A trader recently asked me: I bought Ethereum at 3300, and now I'm down about $20,000. Can I still turn this around?
I took a look at the chart, and the bullish momentum for Ethereum has completely collapsed. This downtrend will continue lower.
I checked the liquidation data, and in just 24 hours, $463 million in long positions were liquidated. The screen is entirely red. The market is like giving the bears a green light.
This candle dropped directly from 3300 to 3086. Was there any opportunity to escape in between? None. This is a textbook "trap and slaughter" playbook—consolidating around 3300 for the past two days to create a false impression of an imminent breakout, feeding retail traders false hope. Making you believe "it won't drop further" and "the bull market is back." Once you go all-in, the whales pull the floor out from underneath. Free fall.
What does the technical picture look like now? The MACD death cross is opening wider, all volume is selling pressure, and the bulls don't even have the strength to resist.
Can you catch the bottom? My advice: don't even think about it. With this kind of selling, catching it relies on luck, and if you miss it, you're liquidated. Plus be careful—there could still be a rebound on the way down. If you see a "dead cat bounce," it's easy to get complacent.
The smartest move right now is to wait. When the rebound comes, exit immediately around 3150—take the loss and run. This isn't weakness, it's the art of survival. Those who won't accept small losses always end up taking big ones.
Who survives long in this market? The conservative ones. Who dies quickly? Those who think they can perfectly time the bottom. A rebound isn't your chance to break even—it's your chance to escape. Remember this, and it'll save you a lot of money.
A trader recently asked me: I bought Ethereum at 3300, and now I'm down about $20,000. Can I still turn this around?
I took a look at the chart, and the bullish momentum for Ethereum has completely collapsed. This downtrend will continue lower.
I checked the liquidation data, and in just 24 hours, $463 million in long positions were liquidated. The screen is entirely red. The market is like giving the bears a green light.
This candle dropped directly from 3300 to 3086. Was there any opportunity to escape in between? None. This is a textbook "trap and slaughter" playbook—consolidating around 3300 for the past two days to create a false impression of an imminent breakout, feeding retail traders false hope. Making you believe "it won't drop further" and "the bull market is back." Once you go all-in, the whales pull the floor out from underneath. Free fall.
What does the technical picture look like now? The MACD death cross is opening wider, all volume is selling pressure, and the bulls don't even have the strength to resist.
Can you catch the bottom? My advice: don't even think about it. With this kind of selling, catching it relies on luck, and if you miss it, you're liquidated. Plus be careful—there could still be a rebound on the way down. If you see a "dead cat bounce," it's easy to get complacent.
The smartest move right now is to wait. When the rebound comes, exit immediately around 3150—take the loss and run. This isn't weakness, it's the art of survival. Those who won't accept small losses always end up taking big ones.
Who survives long in this market? The conservative ones. Who dies quickly? Those who think they can perfectly time the bottom. A rebound isn't your chance to break even—it's your chance to escape. Remember this, and it'll save you a lot of money.