Yesterday, ETH surged to the 3131 level, and many people's 3130 stop-loss orders were swept just like that. It may seem accidental, but in fact, we've seen this routine too many times.
To put it simply, many traders like to place orders at support levels, not realizing that this is precisely the most vulnerable spot to be targeted. The market makers know exactly how many short orders and stop-losses are stacked at the support level, making it their best hunting ground.
Instead of waiting passively, it's better to follow your own trading strategy. As long as you have a clear plan—when to enter, when to exit, and how to respond to sudden volatility—you can often come out unscathed during such shakeouts, or even profit against the trend. The 3131 this time is a vivid example.
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RuntimeError
· 01-05 17:37
3130 was swept again. To be honest, I've seen this many times; the manipulators' tactics are indeed sophisticated.
I feel like I still need to rely on my own strategy. Don't blindly defend the support level; that's just a trap.
This wave of 3131 was truly a textbook-level shakeout, targeting those who took sides and got sniped.
Placing orders at the support level—aren't they just throwing a feast for the manipulators? Serves them right.
How come so many people are still placing stop-loss orders at the support level? Can't learn, huh.
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SandwichDetector
· 01-05 11:55
Here we go again with this? The support level is just a slaughterhouse, how many times have we been taught that?
Every time they say there's a plan, but in the end, orders are still being wiped out. Who can really execute with cold blood?
ngl the 3131 wick was *chef's kiss* textbook liquidity grab... but here's the thing—if you're still putting stops at round numbers in 2024, you basically deserve it at this point
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LiquidityNinja
· 01-05 11:40
Got swept again. Serves you right for placing orders at support levels.
The big players are just playing this way, they know it all too well.
I’ve said it before, you need to have your own plan and not be so passive.
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RugDocScientist
· 01-05 11:40
The 3130 wave was indeed brutal, just one point away from being wiped out.
The dealer's tricks are really skillful, always hovering around the support level.
Speaking of having a clear plan, you still have to follow it; who can you blame for blindly following the trend?
It's both a shakeout and a sniper attack; in the end, retail investors all have to pay tuition fees.
Actually, it's just about not piling chips in obvious places. Everyone understands this principle, but no one actually does it.
Yesterday, ETH surged to the 3131 level, and many people's 3130 stop-loss orders were swept just like that. It may seem accidental, but in fact, we've seen this routine too many times.
To put it simply, many traders like to place orders at support levels, not realizing that this is precisely the most vulnerable spot to be targeted. The market makers know exactly how many short orders and stop-losses are stacked at the support level, making it their best hunting ground.
Instead of waiting passively, it's better to follow your own trading strategy. As long as you have a clear plan—when to enter, when to exit, and how to respond to sudden volatility—you can often come out unscathed during such shakeouts, or even profit against the trend. The 3131 this time is a vivid example.