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Liquidated 277 million yuan last night, with 73,551 people getting wiped out. I算了一下, that comes out to more than $3,700 per person—most people’s money wasn’t lost because they got the direction wrong; it was because they couldn’t hold through until morning.
Scrolling to the analysis that really steals the show, he kept repeating one word this week: tolerance for error. No stop-loss was set in the strategy—everything was done as “get out at breakeven” trades, and they relied on position size to force through. When the direction is right, a position size that’s small is basically like doing nothing. When the direction is unclear, a position size that’s large is equal to courting death. Rough wording, but the logic isn’t wrong.
For BTC (Bitcoin), he gave two supports at 61,600 and 59,800. Resistance is seen at 67,135–70,000. Last night, he went long at 63,800. For ETH (Ethereum), he’s watching 1,800 and waiting for signals over the weekend. SNDK said yesterday that 1,570 wouldn’t hold, and it’s now down to 1,445.
All the information is right here—how to use it depends on your position size.