BTC came to the red box transaction-intensive area mentioned in the technical analysis picture yesterday and the day before yesterday and rebounded twice, at 3.64% and 2.36% respectively. This support was effective in early testing.
Then continue to observe the 60152 and 57469 supports below. At present, we can see that the short position can be reduced, and there is a chance for a larger rebound. However, the current altcoins have fallen a lot, and we need to pay attention to the risk of falling below the support after testing the support multiple times. At this time, you can Enter the market on the right side, wait for a few more K lines, and use the low point of the trend line to move back up and enter the market.
How to use market orders and limit orders (especially contract response strategies and the establishment of extreme points)
I believe that investors who have just started trading must be familiar with these two orders. Today I will talk about how to use them accurately.
Most investors who have just started trading prefer to use market orders because they are very intuitive and can enter the market immediately. However, they ignore several very important points.
First of all, if the market fluctuates violently, use market orders to enter the market. If you go in the right direction, there is no problem. But if you go in the wrong direction, your loss will be stopped or your position will be liquidated very quickly. Even if you go in the right direction, it may be due to the slippage of price changes within 1 second. Problem, leading to opening to a poor position or stop loss.
Especially those with high leverage who need more precise points must be particularly careful.
The market order can be used when it reaches important key positions such as support, resistance, or trend lines, or it can be used when a limit order is placed but the order is almost taken.
Most experienced traders make good use of limit orders and use fixed prices to enter the market. They can get more profits because they are opened at a better position, and it will be more convenient to set up take-profit and stop-loss, because they can Use the lower and upper edges of support and resistance to make settings, or the lower and lower edges of the trend line.
It is often seen that many powerful traders can get pin-point orders. How do they do it?
In the previous articles, it was mentioned that important points for trend reversal may occur at support, resistance, trend lines and transaction-intensive areas. Using these positions to place orders will greatly increase the winning rate and lead to better profits and losses. Compare.
The other is to use parallel channels to capture the rising and falling potential energy. Under normal circumstances, excluding the general trend market leaving the range, you can find that the price change (length) of the K bar per unit time is traceable, and in this Within the time range, if no large funds enter, the K-line length range will have a limit. By connecting the needle tips or the K-bar axis, a channel can be drawn to predict the next price range, which is commonly used by advanced traders. Technique, so that there is a higher probability of reaching the limit point.
