ETH price 1877U, will it test the lows again? Will the market let large leveraged traders off the hook if it dips further? I think it might test the lows again. In March 2020, within just a few days, it dropped from $12,000 to $6,000. At that time, I thought it had bottomed out, but in less than 5 hours, it fell to $3,000. The $3,000 drop was caused by continuous leveraged liquidations from $6,000. Will the market replicate such a decisive kill zone again??? I believe capital is cold-blooded. Don't have any sympathy for it, because capital only cares about its own profits. So, based on $120,000, now dropping to $65,000, if we replicate the 312 market pattern, then it will be waiting for us at $32,500. Remember, don't use any leverage, remember, don't use any leverage, and don't short. If the 312 pattern is coming, of course, it might not come at all.
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ETH price 1877U, will it test the lows again? Will the market let large leveraged traders off the hook if it dips further? I think it might test the lows again. In March 2020, within just a few days, it dropped from $12,000 to $6,000. At that time, I thought it had bottomed out, but in less than 5 hours, it fell to $3,000. The $3,000 drop was caused by continuous leveraged liquidations from $6,000. Will the market replicate such a decisive kill zone again??? I believe capital is cold-blooded. Don't have any sympathy for it, because capital only cares about its own profits. So, based on $120,000, now dropping to $65,000, if we replicate the 312 market pattern, then it will be waiting for us at $32,500. Remember, don't use any leverage, remember, don't use any leverage, and don't short. If the 312 pattern is coming, of course, it might not come at all.