Many people are stuck on WLD. Last time I talked about the trend of WLD, I said that it depends on whether the rebound will be large-scale. If it is not, it will be dangerous.
As a result, WLD started to fluctuate, and there was no decent rebound, and then it fell below the oscillation zone.
So far, there has been no stop-loss signal, and it has fallen below the long-term upward trend line.
The trend has reversed, and the shorts are still falling in large volume, which shows that the power of the shorts is very strong.
Don't think about adding positions to lower the average price. When there is no stop-loss signal, adding positions will be added halfway up the mountain, which will only make things worse.
I have been saying that it is very risky to do such newly launched currencies. If you want to see good short-term gains, you must close them. If you chase new currencies in the long term, the risk is particularly high. Don't think that all new currencies are the same just because some new currencies have risen well after they are launched. In fact, that is just an example.
After more new currencies are launched, they belong to the hot speculation period. The rush is just to trap those speculators. There will be a large correction in the future, and then the value will return.
I never touch newly launched currencies because such currencies do not fit my trading system. Trading on such currencies will be very risky.
