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Good morning to those who shouted "market rebound" earlier. How are you feeling now?
The rally you were optimistic about was actually seen through by some people a long time ago. The surge at the market open on Monday? A classic trap to lure in shorts and then wipe them out.
ETH dropped from 3160 all the way down to 3105, and the bears have already closed their positions with profits—50 points safely in the bag.
The biggest mistake in trading is blindly following the crowd. Use your brain to analyze, not just faith to place orders—that's the way to survive.
If the bulls still have any ideas, see you at 3080.