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Did 💔 mention your loss experience with $ETH ? That’s exactly how the market makers make you lose your money!
Are there friends trading ETH who have been losing so much recently they’re questioning life? Actually, it’s not that you’re unlucky; the market makers have long figured out your thoughts, and every step they take is targeting your weak spots.
You think that when the price drops to a certain level, it’s the bottom, so you eagerly enter the market to buy the dip, but the market maker’s bottom is always beyond your expectations. When you see a rebound, you shout “Reversal! The bull market is back!” but in the eyes of the market makers, that’s just a move to push the price up to sell off, replacing it with a new batch of retail investors to take the bait and stand guard.
Today, Ethereum surged to 1721.57, and needless to say, another large group of people couldn’t resist rushing in. Sister Nuan will say this: once the market’s long positions exceed 70%, the next big drop with a large bearish candle will come immediately.