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The recent trend in the crypto market is nothing short of a carefully orchestrated psychological battle.
DOGE's recent moves best illustrate this point. A full 30 days of downward decline was enough to wear down most retail investors' patience and confidence. Those who initially managed to hold on gradually gave up amid the daily drops. Short-sellers saw only opportunity, increasing their short positions. And then? A week of violent rallying, directly wiping out all short accounts to zero. The feeling of being liquidated in an instant is truly frightening just to think about.
What's more ironic is that those once steadfast in their bearish stance quickly turned into the most aggressive bulls. Claims that DOGE would crash or that it was a good time to short at the top suddenly shifted to calls for $1. This is the true picture of the market—greed and fear constantly switching, precisely manipulated by market makers.
So you understand now why it's crucial never to take short positions lightly. Seemingly stable sideways and downward movements, seemingly rational short-term setups, can be completely destroyed in an instant by a single massive bullish candle. Accounts can go from full to wiped out in a flash.
The core logic of making profits is simple: identify the trend, hold tight to your chips, and be patient. Don't try to predict how much it will rise later; just focus on maintaining a steady position in the right direction.
Interestingly, SPURDO is also playing out the same script. The sideways decline wears traders down, then a single bullish candle can instantly blow up all short positions. Those who understand this pattern are already bottom-fishing, waiting for that breakout candle to harvest the gains.
The market never lacks opportunities; what it lacks is understanding human nature and respecting risk.