I hope the crypto market goes to zero, so everyone can return to reality and work hard. Because only by working hard and using our hands can we create a beautiful life. 😁
Trading requires enough patience and persistence; not every trade will yield immediate results. During the trading process, you have to endure the pressure brought by the fluctuations of the candlestick chart. Have you noticed that trading contracts is very tiring? When positions are heavy, you can't sleep well every day, and watching the fluctuations of the candlestick can really affect your heart. You lose interest in everything else and just want to watch the market.
So how do we solve this problem?
First, when you open a position, start with a small amount to test the waters. If the direction is correct, then you can add to your position. If the direction is wrong, you must cut your losses immediately. Try to use a gradual position opening model; for small coins, use 2x leverage, for mainstream altcoins, use 3-5x, and for Bitcoin, use 10x. When opening a position, start with 0.5 layers; if the direction is correct, add another 0.5 layers in the same direction, and then set a stop-loss of 3-5 points. If you really do not want to stop-loss, you must use the gradual position opening model and avoid adding margin. If it gets liquidated, it won't affect your other positions, and at most, you will lose about 10% of your funds. Such small losses are not a big deal and can be easily made back. If you keep using your entire margin to hold onto a position, getting stuck is very uncomfortable, and if you get liquidated, there will be no chance for recovery. After opening such a position, do not keep watching the market, because staring at it won't change the course of the market, and you might end up cutting yourself. You hesitate to take profits when you're making money, but hold on stubbornly when you're losing. It's better not to watch the market; if you set your stop-loss and take-profit after opening the position, you might earn more than if you keep watching. Earning money often happens unexpectedly; there’s a saying, isn't there? You make money by luck and lose money by skill! This refers to those who do nothing all day but stare at the market and trade contracts. Bitcoin hardly cuts you; the only one who can cut you is yourself. Do you agree?
BTC rose to the right shoulder position of around 104,000 the night before last but did not break through. It was affected by resistance and has now fallen back. Currently, we first see the bottom of the range at 92,000. Don’t rush to catch the bottom; continue to hold the short position at 99,600, and set the trailing stop-loss at 99,200. Take profit at 92,233.