Looking back at the last bull market, we have entered a period of daily fluctuations, and it is estimated that there is about a 50% chance of a correction. If the daily line continues to fluctuate upward and breaks through the previous high, the market is expected to continue its upward trend. Yesterday, I reminded in the small family group that for those friends who intervene at low levels in the early stages of the bull market, they only need to be defensive and consider reducing their positions when they are close to the daily high.
On the four-hour chart, we are currently in the first wave of the rise, which is the second sideways period. Historical data shows that whenever a sideways period is broken out, the market tends to show strong upward momentum. If you are waiting for a breakthrough in the sideways period, you should look for opportunities for a relay rise in the one-hour chart. This will be a good opportunity for bulls to participate. For large-level high-level sideways trading, it is recommended to perform a 1:1 lock-and-short order operation at a smaller level, and cancel the stop-loss setting of long and short orders to protect profits from loss.
It is particularly emphasized that only when long orders are profitable can we consider executing short orders to lock in profits and avoid losses. If you are in a loss state, you will never lock in losses. Our strategy is to clearly manage positions and firmly implement stop losses to prevent large losses. In this way, in every transaction, you will clearly know your maximum possible loss, and under correct operation, there is no upper limit to profits. Every successful operation will help you capture big market trends and gradually build a healthy trading mentality and confidence.
Any advice that does not set a stop loss and encourages you to blindly follow the crowd is irresponsible! The result of not setting a stop loss is often a catastrophic blow-up. We cannot make money forever, but we can protect our investment by controlling losses.
Today's trading strategy: The market has broken through the antenna level and started a new round of rising cycle. The four-hour chart shows that the market is in high-level fluctuations. Whether it can break through the previous high and form a relay rise depends mainly on whether it can break through the 69500 to 71000 range. If it succeeds in breaking through, the upward momentum will be very strong; if it fails, the four-hour level may enter a period of adjustment, and the support below is around 69100, 66900 and 65200. For investors holding spot short positions, you can consider entering the market near these levels. When operating in the range of fluctuations, whether you are going long or short, you should be cautious, especially for friends who are trading contracts, you must set a stop loss and protect your capital in time when you make a profit.
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