Many fans and new friends are not very clear about how the strategy is done. Here I will use a recent typical practical case to explain it to you:
For example, the LDO that we ambushed in advance. A friend said that when he came in, LDO rose to 2.4U in the first wave. He saw that the strategy was 2.1U, and he didn’t know what to do at the time. You can just place a limit order at the time, and you must issue the strategy in advance, so that most friends can do it. There are many benefits to ambushing in advance, giving you a lot of time to prepare and think.
This strategy clearly states that both contracts and spot can be done. Only those that are clearly written can be chosen. If it is marked as spot, you can only do spot. If it is a contract, it will not be marked as spot and will directly bring leverage.
The entry point for the first position marked in the analysis chart posted at that time was around 2.04U, and the entry point for the first position of the strategy was 2.1U. This can be basically ignored, because sometimes too many people at one point will cause price squeeze. For example, if too many people buy at 2.1U, it may take off at 2.11 in the end, and the first wave of pull-ups will miss out. However, we encountered a more disgusting dog dealer. Before it rose to 2.52U, it violently washed the market with crazy ups and downs. At that time, we did not set a break-even point, because we did not eat the second position increase point and reach target 1. At least there is a condition to set a moving stop loss (break-even loss) to set a break-even point, otherwise we would not have so much profit.
Fortunately, after reaching 2.32U on the second day, the strategy also clearly stated that a break-even loss should be set after reaching it, and then it soared all the way until all the goals were completed.
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