#数字资产市场观察 This wave really crashed, we need to be careful!

The data shows how dire the situation is—plummeting directly from above $6 to $2.7, the entire trend has entered a downtrend channel. Even more exaggerated is that the liquidation amount of long positions is twice that of short positions, and panic has already set in.

At times like this, don't rush to bottom fish.

Does this position at 2.38 look like support? Don't act yet, wait for it to rebound before deciding. Every time it moves up, it's actually a window for you to reallocate.

My thought is like this:

If the price rebounds and is clearly resisted around 2.5, that is a short signal. If we're lucky enough to rebound above 3.5? Then it's basically a sure thing.

The stop loss can be set at 3.58, with the initial target at 2, and if it breaks, then look at 1.6.

The cryptocurrency market is like this: once the trend reverses, the strategy must adjust accordingly. This is not the time to hold on stubbornly; going with the market is the right approach. Focus on high-win-rate opportunities and don't fight against the market.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
9
Repost
Share

Comment

0/400

AirdropNinja

· 12-02 04:10

6 dropped to 2.7, how tragic this is... long positions got liquidated twice, it hurts just watching Forget it, let's wait for a rebound before acting, don't get trapped This wave really needs to follow the trend, stubbornly holding on will only lead to more losses How about we just observe for now? Let's see if 2.5 can hold Waiting for a rebound to 3.5 to score points, haha, I don't dare to hope too much

View OriginalReply0

RegenRestorer

· 12-02 01:25

Hey, that's not right, going from 6 to 2.7, how much do we lose? I really can't hold on anymore.

View OriginalReply0

MemeCurator

· 12-01 22:20

From 6 to 2.7, it really scared me, this wave is indeed painful. Long positions got liquidated twice? Really, I don't even know where the bottom is. Wait, don't rush, this is often the easiest time to get played for suckers. If it rebounds to 2.5 and still can't pump up... hmm, short positions time is up. Go with the flow, don't go against the market maker, that's the art of surviving. Fortunately, I closed all positions a long time ago, now I'm just watching the show. If it breaks 2, there's still 1.6, I feel like this wave is going to break the bottom. Just listen, don't really go all in, brothers.

View OriginalReply0

SignatureDenied

· 12-01 22:08

6 dropped to 2.7, this is outrageous... long positions get liquidated twice? No wonder people are anxious. Watching it rebound to 2.5 and then continuing to drop, this wave might really be hopeless.

View OriginalReply0

BloodInStreets

· 12-01 22:00

It's the same old routine again, are we going to dump when it rebounds to 2.5? I think it’s unlikely, the market is much more cunning than we think. They love to harvest at the peak of the rebound, but the question is, can you withstand it? Those who cut losses will never know where the bottom is. This time is different... or maybe it’s the same, who knows. Are the longs going to explode with double positions? That means blood will be shed, let’s watch the show. Half of those buying the dip are already dead, why go to your death? Whether 2 breaks or not, it’s not about support, it’s about the market maker's mood. Waiting for a rebound? I see this as the rebound, what are you all waiting for? 1.6 is the real value trap, don’t tell me 2.38 is the bottom.

View OriginalReply0

LiquidityWizard

· 12-01 21:58

nah actually the liquidation ratio here is statistically significant... 2:1 longs getting obliterated is basically screaming capitulation vibes. theoretically speaking, that's when you see the real bounce, not the fake ones. contrary to popular belief tho, most people fomo in at exactly this moment lol

Reply0

DaoTherapy

· 12-01 21:54

6 to 2.7 plummet directly, can this still buy the dip? You're thinking too much, brother. Long positions' liquidation volume has doubled, panic selling has come out, going in now is just a gift. Let's wait, see if it rebounds to 2.5, no need to rush this moment. Breaking 1.6 is the real bottom? Uh... how long will this take?

View OriginalReply0

SweetPeas

· 12-01 21:53

What is below 1.6?

View OriginalReply0

CoffeeNFTrader

· 12-01 21:52

6 dropped directly to 2.7, this is really brutal... long positions Get Liquidated twice? I really need to wait before making a move.

View OriginalReply0