Just my opinion.
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Congratulations everyone who accumulated when I posted this idea. As you can see once price left this area, it never came back.
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Update, we have officially put in the retest of the downtrend breakout. HODL for that confirmation.
I hope you can see the importance of buying as low as you can possibly hope to go. Current price of Eth is still 60% above where I accumulated. Everytime you thought we would break down all the way to 1400 Eth or 20k Bitcoin, that was when I couldn't move my money any faster to increase my orders.
This entire run up so far, I did not have to stress about literally anything. Because I just needed to take 5-10% off my position everytime we moved a bit sideways for too long. No dip was every low enough to put me in the negative. so there was no downside. Only slightly cheaper deals i can buy with the Stable coins I accumulated on the way way up.
Why stress yourself out unnecessarily
I hope you can see the importance of buying as low as you can possibly hope to go. Current price of Eth is still 60% above where I accumulated. Everytime you thought we would break down all the way to 1400 Eth or 20k Bitcoin, that was when I couldn't move my money any faster to increase my orders.
This entire run up so far, I did not have to stress about literally anything. Because I just needed to take 5-10% off my position everytime we moved a bit sideways for too long. No dip was every low enough to put me in the negative. so there was no downside. Only slightly cheaper deals i can buy with the Stable coins I accumulated on the way way up.
Why stress yourself out unnecessarily
I hope you guys were not shorting. But at the least had a position to not miss out on that pump.
Please be aware, that as EIP-1559 officially starts I expect a slight sell off but a quick buy up.
Don't get stopped out and always place small partial orders all the way to your expected stop loss.
This allows your entry area to slightly move with price action and lowers your liquidation point at the same time. Never go all in on one order and always keep stable coins/money on the side. Better safe than sorry.
Also, remember to take profits, no matter how small, on the way up (or down depending on whether you're shorting or longing).
The key is to compound and accumulate your profits slowly. The great thing about leverage is that these simple habits can exponentially increase your capital before you can even realize it. Volatility is a blessing. You need to take advantage of how price bounces.