I admit, this time I chickened out completely.

After staring at the $LAB chart all night, the support level was worn down to the same flat line as a type 2 diabetic’s blood sugar, washing out all the moving averages until they were all glued together. I was really confident back then—if I didn’t enter now, would I wait until it skyrocketed and chase then?

My head got hot and I entered.

But just as the teacher turned to the next slide in the presentation, I glanced at my phone, and the stop-loss was hit instantly, cleanly, like a surgical knife slicing through butter.

That moment, my hands were trembling—not because I lost much, but because I felt like an idiot—seeing the sideways consolidation as a buildup, yet still betting it would go up.

This kind of movement is too common. Sideways trading with decreasing volume, everyone waiting for a direction, then suddenly a downward spike clears out all the bulls, only to pull back again.

The script was written, and I just happened to enter as the one being cleared out as cannon fodder.

Next time I encounter this structure, I will definitely wait until after the spike before taking action. Opening a position during consolidation is just giving chips to the market, and I’ve paid enough tuition for that.

But on the other hand, the overall environment of the altcoin market recently has indeed been off.

The ongoing de-pegging of STRC is no longer just a risk signal for a single project. The leverage liquidations hitting new lows indicate fewer and fewer traders willing to hold positions, and liquidity is rapidly shrinking.

In this context, any sideways movement in altcoins is not worth betting on the direction—fundamentally, the capital support isn’t there, and the sentiment support is even less. It’s not just affecting one or two coins, but the entire altcoin sector’s valuation levels and the confidence of #我的Gate交易时刻 futures traders.