待回本的小韭菜
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Don't trade when you don't understand the market; otherwise, it's gambling and you're likely to lose. When opportunities arise, don't hesitate; act decisively with knowledge and action in harmony. After entering, set a good stop loss; more importantly, don't be greedy. Once you reach your psychological expectations, decisively exit without getting entangled. This is the current lesson from my losses. #待回本的小韭菜 #圣诞行情分析 $BTC
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#加密市场回调
Recently, I've been a bit in love with Fibonacci retracement, saving me the trouble of drawing money.
The upward resistance for ETH is at 3464. If it holds and rebounds, the downward levels are 3259 and 3054. If it goes lower, we will wait for the next bull market.
I saw someone suggesting to buy long at 3380, which should be based on the 1-hour or 4-hour support. You might catch a wave of fluctuations; this can be tried with a small position, and the take-profit can initially be targeted at 3464.
#待回本的小韭菜 I am just a new retail investor who is learning. I post only to record my learning process. Investing has risks, so don't blindly follow others; you might lose money.
Recently, I've been a bit in love with Fibonacci retracement, saving me the trouble of drawing money.
The upward resistance for ETH is at 3464. If it holds and rebounds, the downward levels are 3259 and 3054. If it goes lower, we will wait for the next bull market.
I saw someone suggesting to buy long at 3380, which should be based on the 1-hour or 4-hour support. You might catch a wave of fluctuations; this can be tried with a small position, and the take-profit can initially be targeted at 3464.
#待回本的小韭菜 I am just a new retail investor who is learning. I post only to record my learning process. Investing has risks, so don't blindly follow others; you might lose money.
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Yesterday I posted a chart where I drew support and resistance lines for $ETH using Fibonacci retracement. Someone mentioned that I don't understand how to use Fibonacci, and I admit that I really don't understand how most people use this tool. Perhaps for him, the mainstream usage is the correct way to use it. However, from a practical perspective, I think it's not wrong to use Fibonacci to review the left side and then analyze support and resistance levels. At least for beginners who may not be good at drawing lines, this is an efficient and convenient method, and the accuracy is much higher than just randomly drawing lines like a zebra crossing. Lastly, I want to say that the Fibonacci retracement tool is very beginner-friendly. There is no right or wrong in using tools; it’s just important to find a method that works for you. I also appreciate the kind-hearted people who pointed out the details I got wrong. I will gradually correct them, and the little newbie will continue on the exploration path ahead! Wishing everyone good luck this Christmas! #待回本的小韭菜