at this moment its not smart to sell below 11400.
it can go lower, but if we get directly breakout to 11555, you wil mis the rise.
Long term investors dont mind short term price adjustment
Depends on how long you consider "long" especially in cryptocurrency. If a true long term investor is in Bitcoin right now, he/she was probably in it when it was around 200/300 bucks a piece. That's my definition of long. I've met people who said they were long in crypto but they joined after the major rise last year.
For the most part, if you're a long term investor, you're far in the green right now, so I do agree with you that long term investors don't mind the small adjustments, but the other fakes definitely have been the ones starting the drops off with FUD.