$SOL we can expect another correction towards 162-165 as there is some liquidity to be cashed there. Next resistance level is 155 and SOL might get there, so keep an EYE on other indicators and BTC. Might be helpful for SHORTERS to know that the prices will decrease a little bit more.
$BTC is likely to correct too towards 67k, for similar reasons.
#SOL is following
#BTC 's trend more or less consistently.
$TRB suffering addicts: try to reduce your losses in hedge mode. This means, either entering LONG positions in small batches once price drops considerably, instead of entering all at once, and use concurrent SHORT positions, when you know it's headed downwards, you are locked, in a loss. Do this for short periods of time and take profit at near targets. Stop your future grids without closing the positions if they initially made a positive matched profit but now they are in a negative PnL. This will allow you to keep your liquidation margins at safe levels and virtually reduce your Entry Price without entering in further lower grids.This will gradually help you to both reduce your risk, cut losses and in some cases resist the hard winds of volatility without closing the position and aiming for higher targets. Patience and resilience!
That's it for my Tuesday's Sharing with you some of my personal learnings (
#learningbyloosing ,
#learningbyrecovering ,
#learningbyearning ), JOY, some of the basic but effective Trading View indicators and charts I use: RSI, MACD, and Swing Points and Liquidity (Leviathan) as well as the Heat Maps from Coinglass.
I personally do not SHORT much, and certainly not for mid or long term at the moment, as we are still in the bull run, which some claim it hasn't even truly started. But sometimes there are very good opportunities. My hunch is that we are at the middle of the bull run, but corrections downwards are always expected. So also do not over commit to LONG strategies for very long term. Try to adjust your strategy to the SWING points.
⭐✨ good LUCK everyone.