everyone got this experience.. my first acc blowned up also
deposit 2k. after 2 days i gain 20% profit. the next week i loss 70% including profit.
fund my acc again.. make 70% profit. so me and market is break-even. then i quit
telling myself not to trade again until i fully understand how to trade and how market works, coz my 70% profit was based on luck

what i learn is market is not random or coin-toss, its doesnt care abt indicators, price action, SnR and those predictable stuff
they are "force" behind the market, the manipulator.. they move the price wherever they want to make profits
they accumulate their position, whenever we sell.. they buy and vice versa
they move the price down and trap us into sell position.. they buy our position, build their "long" based
when they have enough long position.. they'll move the price up, hunt our stop loss

for SnR.. they create fake breakout and hunt our stop loss at the opposite side
they create fake doji in price action
during NFP or news release.. they will be a spike up or down before market will move at her "true" direction
the spike is to hunt our (retail traders) stop loss
same goes to fibo and all those stuff

because our action is predictable. for example we sell at resistance and buy at support. or trade a breakout.
the "self-fullfiling propechy" among retail traders will put them at risk of being hunted by manipulator at the other side of trade

the manipulator have access to market depths.. how many long position
how many shorts.. which area is the most stop-loss placed. they have it in ECN markets

for the market to move and be liquidity.. they sell and buy among themselves and make profit from retail traders
of course sometimes central banks will intervene, but most of the time, markets move based on manipulations
there a long way to success. not until we understand how market works

i am no expert but we should follow our friend (markup and markdown phase) and avoid the accumulation phase (ranging market)
in smaller TF, the accumulation/distribution phase look like a trend (thats actually a trap) and ppl jump in the opposite side of manipulators
we always read abt arguments the smaller TF is not profitable in long term, here is the reason why.
yes we can success with SnR, good indis, price action. but once Manipulators start pulling their moves, all of indis and PA will stop working

here the chart to show Manipulators activities in EU past few weeks. i believe this cycle is complete.
on Monday they will start the Accumulation phase again, thats why Mondays trading volume always low

markup is uptrend (buy) and markdown is downtrend (sell)
trend trading work best at higher timeframe, 4H and larger