ETH 2050: Don't Narcotize Yourself with "Grand Narratives"

This afternoon, I was having tea at a teahouse with a friend.

He was worried about his niece's employment, asking me whether she should take the civil service exam, join a foreign company, or start her own business.

I kept pouring tea without stopping and replied: It depends on your family background.

If your family can spare tens of thousands of yuan for her to try her luck, then go for it.

If not, just find a stable job with a guaranteed income.

Without economic and mental independence, people are easily trapped.

What trap? Using illusions and mirages to numb oneself. In life, this is called vanity; in trading, it's called obsession with so-called "grand narratives."

It reminded me of my early trips to Southeast Asia.

Local girls, even though they live in shantytowns and are extremely poor, when video chatting with outsiders, they try to appear tasteful and capable. They would specifically go to luxury car garages and pose against others' high-end cars.

People are like that. The more lacking, the less confident, the more they lack independent thinking.

They love to talk about others' luxury cars, city supercars, and family backgrounds, relying on these illusions to boost their confidence.

These seemingly absurd actions in reality are just repackaged and played out daily in the crypto world.

Look at the current Ethereum chart—completely silent.

Many retail investors are stuck on the mid-mountain, their accounts halved, afraid to cut losses.
But what are they talking about in the group?

Talking about US-Iran tensions, geopolitical issues, global patterns.
Using these vague grand narratives to numb themselves, covering up their inability to trade independently, making reckless trades and getting trapped.

In this brutal battlefield, isn't that just courting death?

Peel away the grandiose nonsense and look at the real market: from the high of 2199, the main force suddenly struck down, now the price is bouncing within a narrow range of 2050 to 2100, repeatedly rubbing against the walls.

Retail traders are afraid of falling further, hesitant to add positions; buyers are also timid, unwilling to enter.

The main force is just exhausting your patience at the low levels, forcing you to hand over bloodied chips.

Trading is like sniping—never pull the trigger until you're in the ambush zone. Don't waste time on garbage; here is Lao Bao's trading plan:

🎯 Tactical direction: Long at low levels $ETH
📍 Ambush zone: 2020 - 2036 range
🛑 Strict stop-loss: 1986. Breaking this level means the main force's game has collapsed, and they’ve truly run away. Anyone holding the position is a gambler with no retreat—cut it immediately, no hesitation.
💰 Partial take-profit: Sell half at 2100, clear all at 2128-2158. Take advantage of the main force's rebound to exit, leaving the last penny for others to fight over. Lock in profits—only then are you a real man.

Stop comforting yourself with grand narratives.

In this industry, only the real money in your account gives you confidence.
Trading is a contest of extreme independence and cold-bloodedness until the very end.