Summary of personal trading experience
Cycle: 4 hours or more is the main trading cycle, and other periods and small cycles are used as auxiliary judgments. The general holding period is 1-3 trading days.
Trading experience:
1. Generally, when the market breaks through the previous high point and then returns to the range, it will fall below the low point below. Remember that it is a break, not necessarily a reversal, and is often a wash-out of the original trend. This depends on the previous trend of this graph.
2. Generally, when the market breaks through the previous low point and then pulls back into the range, it will often break through the previous high point. It is not necessarily a reversal. It is most likely another market shakeout, which depends on the previous trend of this chart.
Note: 1. You must wait until the trading signal comes out before entering the market, that is, you can enter the market after the false breakout is completed. It requires more patience.
2. Have the courage to enter the market for the second time. Sometimes when the market reaches a critical position, there will be repeated struggles and you may not be able to succeed in one go. Once the signal appears again, you must dare to enter the market for the second time.
Transaction Details:
1. The market first shows stagflation, you enter the market, and then there is a false breakthrough, you must stop loss on this order first.
2. When the market returns to this range and completes a false breakout, you must enter the market again.
2. Don't necessarily take advantage of the trend to make a profit first.
Of course for swing traders, this trade is easy.
Finally, a tip: friends who lack trading experience must practice repeatedly with small positions and summarize their experience.
That’s all for today’s sharing. Be sure to save it and review and study it carefully later. You will definitely gain different insights and experiences.
If you think the content is good, and if you don’t understand the details of these trading modes, follow me and you may find the answers. For example, how to select the high and low points, the stop loss position, and the trading method of trading dynamics, etc.#MemeWatch2024 #BTC走势分析 #MemeWatch2024 
