After bottom fishing, I haven't done much lately, nor have I posted. I've just been watching the various analyses and predictions in the square these past few days. It's really impressive how there’s so much to discuss every day.
The copycat itself carries leverage, and with a 3x currency-based long position, recovering is quite fast. My 10% spot loss bounced back by 3%.
Now finally, by 10 PM, the trend is rarely upward, far from the bottom-fishing position during the pullback. This momentum won’t just drop suddenly, so I can sleep a bit more soundly now.
Actually, I feel a bit anxious about the rise; should I take some profit and wait for a pullback? But I’ve set my plan, and I won't touch my spot or low-leverage currency-based contracts. I’ll wait until late January to discuss again. After that, I’ll study and share some analytical tools and data, catch some pullbacks, and play with high-leverage contracts.
A friendly reminder:
Don’t get envious and chase in when you see a sharp rise. The current spike is due to many people who are afraid of missing out returning.
Actually, this doesn’t count as a true breakthrough yet. Some people, like me, are ambushing on the left side to catch this part, while others are waiting on the right side for a breakthrough to eat the later part. If you open a position now, it’s nothing. Opening at a high point could get you messed up by a pullback; switching tops and bottoms takes time.
Signals for long and short positions haven’t appeared yet. For long positions, wait for the W bottom to be confirmed; I’ll also open a high-leverage long then. For short positions, it’s about betting that the resistance level won’t go up; shorting at 3550, and if it breaks 3585, just give up.
Finally, I wish you a Merry Christmas Eve and a Merry Christmas!