June 16, 2026, early morning, lost a lot, got up and wrote a couple of lines

Today is another day of being taught a lesson by Ethereum.

Woke up in the morning to check the market, ETH is still hovering around 1800, and I thought this level has been sideways for three days, time to choose a direction. The daily MACD is golden-crossing, RSI isn’t high either, looks like it’s about to go up. I couldn’t resist, entered a long at 1812, with a stop loss at 1788, thinking 24 points is enough.

And what happened? At 3 PM, a 15-minute candle suddenly dropped to 1785, precisely hitting my stop loss, then immediately bounced back above 1800. By the time I’m writing this, it’s already at 1825.

Damn. It’s obviously intentional. The big players are targeting my stop-loss.

Three lessons:

1. Don’t place stops at round numbers; if you do, place them further away, or use closing prices for stops, not limit orders. Big players love sweeping those psychological levels.
2. Don’t try breakout trades on weekends and holidays; liquidity is too poor, it’s all fake moves.
3. The most important one — before entering a trade, ask yourself: if I lose on this trade, will I admit I was wrong and exit, or try to hold? If you want to hold, don’t trade. Today, I rushed in without thinking clearly.

Let’s see tomorrow. I won’t chase longs at this level, wait for a pullback to 1800. Missing out is more comfortable than losing money.

That’s all. Going to sleep. Tomorrow I still need to grind and add to my position.