Today ETH fell 4% and my phone is blowing up with "buying opportunity". But my swing rule is clear: don’t catch a falling knife until it shows you the handle.
Last night, while I was sleeping, institutions liquidated $173M in longs. BTC.D jumped to 58.8% telling me "it's not alt season". And that red candle of -4% on the daily? Distribution, not accumulation.
But here’s what NOBODY is saying: there is a wall of 72M USDT waiting at $2,880. Sharks don’t lose, they wait.
My plan? Wait for the RSI to touch 30 and bounce. Wait for 3 daily candles to close >$2,950. Wait for BTC.D to drop <58%. Then, and only then, I will scale in with SL at $2,720.
Because in swing trading, strategic patience is the only edge that cannot be bought with leverage.
What level do you need to SEE to believe that the bottom is? Comment and let's adjust together.
METAPHOR: The swing trader is like the archaeologist: they do not dig where there are loose stones, they wait to see the corner of the relic. Today I only see quicksand.
