Chatting casually with a mining buddy.
He is now engaged in gold mining.
I asked him, how is mining different now compared to before?
He said that in the past, he was bold, digging deep along the vein without caring about hollowing out the mountain.
And the result? A slight geological shift can lead to a collapse, burying both people and equipment inside.
Now no one dares to do that.
Now it emphasizes 'backfill'.
The people in front dig forward, while those behind immediately transport the discarded mine slag to fill the excavated tunnel tightly.
Making the mine tunnel as solid as a mouse hole.
Only when the waste pit underfoot is filled solidly can you feel more assured when digging forward.
Even if a piece collapsed in front, if you take a step back, the ground beneath your feet is still solid.
Doing business, handling projects, and even the operation of all things in this world follows this principle.
Running without a foundation is tantamount to courting death.
I am looking at the current Ethereum.
These manipulators have just executed an extremely beautiful 'retracement' project.
Earlier today, the price was in the range of 2145 to 2175, and they dug a huge pit.
Then they started to rush upwards, once touching around 2190.
Rushing too hard, realizing that the resistance above is quite strong, the foundation is a bit shaky.
What to do?
If it were a reckless rookie, they might just stubbornly continue on.
But these old foxes did not.
They suddenly retreated, smashing the price back down to around 2170.
For these ten minutes, they are doing one thing: smashing the goods that were just taken in above hard into the pit at 2170.
Hit it solidly, compacted as hard as steel.
This is called retracement.
I watched that string of numbers, being supported several times near 2170.
Not a single crumb fell into that old pit below.
This indicates that the foundation has become thoroughly solid.
Since the retreat has been completely blocked, and the foundation has been solidified.
Then next, they have no choice but to continue chiseling at that wall called 2199.
This is a clear sign.
Tactical direction: $ETH long
Hunter range: 2165 - 2175. The main force's foundation has been established, follow their bulldozer forward, don’t hesitate.
Life-saving bottom line: break through 2150. If the price falls below, it indicates that the previous 'retracement' was a shoddy job, the foundation has collapsed. Immediately admit the mistake and cut losses, life is the priority, absolutely do not hold the position.
Take profit range: the first stop looks at the wall at 2222, when it reaches, cut it in half; if the wall breaks, then look at 2240.
As for those who are itching to bet on a decline now?
It's like watching others just finish pouring the foundation cement, and you insist on crawling under the cement truck.
There's no way to seek death like this.
The flow of wealth in this world has never adhered to any grand principles.
It only looks at your feet, whether you are stepping firmly enough.