In the upcoming year of 2025,
the cryptocurrency market is mostly still unaware of how to view it.
Let me briefly mention a few points for you to consider, please read patiently.
First, it is mentioned that 'find direction before the market opens, look for entry points during the market, manage profits and losses appropriately, cut losses decisively, and hold onto profits if conditions permit,' emphasizing the need to determine the direction in advance when trading, look for opportunities to enter during the market, and reasonably control profits and losses, with a firm stop-loss strategy, while deciding whether to continue holding based on market conditions when in profit.
Next, it points out that the market will first provide target positions, followed by stop-loss positions, and finally entry positions. The stop-loss before entry is fixed; reaching the stop-loss indicates a reversal; the take-profit is relatively fixed, as the market is dynamic, and after reaching the target position, one should decide whether to continue holding based on market sentiment. If the market sentiment is high, continue holding; otherwise, exit in a timely manner; if the target position is not reached and a reversal occurs, profits should also be realized in a timely manner based on reversal standards.
At the same time, it emphasizes that these situations are based on thorough technical analysis, requiring multiple conditions for comprehensive judgment. When the conditions are met, correspondingly handle the positions at hand. Closing positions is an experience; experienced traders often say that closing positions is hard to standardize and can only be judged by experience, and closing should be done as prices rise, as tops are often where funds are offloading and retail investors are frantically buying.
Finally, it mentions that some believe that addressing floating profits and drawdowns will face the issue of missing market opportunities. This is partly due to a lack of reasoning regarding levels and cycles, not understanding the logical relationship between them; on the other hand, psychological factors lead to missing market opportunities or experiencing floating profit drawdowns.
If you see this article, it means we are destined to meet, feel free to follow me and check out my introduction.