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How much U do I need to earn to get out of the past?
I am a post-90s, now living in Xiamen.
Eight years ago, I entered the crypto world for the first time.
The first four years, I was a complete novice, experiencing liquidations, zeroing out, exchange scams, I almost went through all the pitfalls.
At that time, I had 50k U, originally thought it was enough to turn my life around, but it wasn't long before I lost it all.
The hardest time was when my girlfriend also left. I drank every day, and I was completely wasted.
And yet, it was during that period that I didn't make any trades and accidentally avoided March 12.
Some went bankrupt overnight that day, while others turned their fortunes around in one battle. The crypto world is so absurd.
Later, I stopped rushing recklessly.
After gold surged to 4855 at the end of yesterday’s session, it met resistance and pulled back. Today, during the Asian session, it fluctuated and trended lower; the low touched 4790, a key support level, before rebounding. Currently, it is trading around 4803. Overall, it is showing a wide-range fluctuation pattern of “rising sharply, pulling back, probing the bottom, and rebounding,” with bulls and bears battling fiercely. The 4790 level is an important defense line for short-term bulls.
Technical signals still lean bearish: the TRIX trend indicator has turned down from a high level, and the MACD fast and slow lines show a dead cross and diverge above 0轴. The green momentum histogram continues to increase; bearish momentum has not fully dissipated, so upside rebound space is limited. However, 4790 support is effective, and there is a short-term need for a technical correction.
Specific trading suggestions: Watch how price reacts to the resistance in the 4820-4835 range and the 4850-4870 range. If it reaches the area but does not break through, you can try going short. Look for continued downside after a breakdown below 4785, 4745, or 4700.
Yesterday's gold price surged to 4855 at the end of the session but encountered resistance and pulled back. Today, during the Asian session, it fluctuated downward, touching the key support at 4790 before rebounding. Currently trading around 4803. Overall, it shows a wide-range fluctuation pattern of "rising sharply, pulling back, testing the bottom, and rebounding," with bulls and bears in fierce competition. The 4790 level is an important short-term defense line for the bulls.
Technical signals remain predominantly bearish: the TRIX trend indicator has turned downward from a high level, the MACD fast and slow lines have a dead cross and diverge above the zero line, and the green momentum bars continue to increase. The bearish momentum has not fully dissipated, limiting the rebound space. However, the 4790 support remains effective, and there is a short-term need for technical correction.
Specific trading suggestions: Pay attention to the resistance at the 4820-4835 and 4850-4870 zones. If these levels are not broken, consider trying a short position at higher levels. If the price breaks below 4785, 4745, or 4700, continue to look downward.
I’m a post-90s generation, and now I live in Xiamen.
8 years ago, I entered the crypto market for the first time.
For the first 4 years, I was a complete newbie—I almost managed to step into nearly every pit: liquidation after liquidation, getting wiped out to zero, and exchanges running off.
At that time, I had 50k U in hand. I thought it would be enough for me to turn things around, but not long after that, I ended up losing it all completely.
When things were at their worst, my girlfriend also left. I drank every day, and I basically fell apart.
And somehow, right during that period, I didn’t place any trades, and by chance I dodged 3·12.
On that day, some people went bankrupt overnight, while others turned their situation around in one battle. That’s just how absurd the crypto world is.
Later, I didn’t recklessly rush anymore.