Since closing out my long positions from 59500 on October 7th, ETH has fallen 11%, SOL 14%, and BTC 5%. I only entered a new position on October 15th, which was subsequently stopped out with a small loss. The core principle is this: a broken spring is a broken spring. If you treat every pullback as a spring, you'll face a trade where in nine pullback scenarios, you'll be stopped out nine times if you don't exit. A broken spring is a broken spring. Therefore, after my first long position was stopped out, I've been resting. I'd rather wait for confirmation of the right-side spring's LPS (Lower Price Segmentation) than guess if it's a spring. Otherwise, entering a trade will result in endless losses.
