The following is a systematic operational strategy framework to help you secure success in a volatile market:
1. Assess the overall trend:
First, clarify the current stage of the market - is it rising, consolidating, or falling? Understanding the market's general direction is the first step to success.
2. Identify key levels:
Once the trend is clear, focus on the key support and resistance levels in the chart. These points often serve as decision-making indicators, helping us determine the timing for entering and exiting the market.
3. Develop a trading plan:
Based on the support and resistance levels, create a clear trading strategy, determine the opening direction, and set reasonable take-profit and stop-loss levels. A special reminder: the take-profit level should be flexibly adjusted according to market trends to respond to dynamic changes.