$ADA how to read the market - first we look at positions and volumes on spot and then positions and volumes on futures for example, it is very interesting today to observe a decrease in volume on spot with an increase in price - which means that there are no large longs on spot on the market and the upward move was caused by their closure... and where did the positions from spot /longs/ go? seeing such a picture, we are clearly being driven down and when opening new positions on spot, we can expect an even deeper sag downwards
$ADA short reduced by50% in profit and stop moved in breakeven after such a move I always look at an alternative option, in case I'm wrong if the price closes at the beginning of the dropdown or does not go below 1.05 - the side for the log has a beautiful symmetry to yesterday's level of 1.18 but we are still in premium, so locigal wait move more diper
$ADA short reduced by50% in profit and stop moved in breakeven after such a move I always look at an alternative option, in case I'm wrong if the price closes at the beginning of the dropdown or does not go below 1.05 - the side for the log has a beautiful symmetry to yesterday's level of 1.18 but we are still in premium, so locigal wait move more diper
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$ADA previous short closed on stop in profit nothing changes new more reasonable and better level for short keep tight stop and not forget about reducing
$ADA previous short closed on stop in profit nothing changes new more reasonable and better level for short keep tight stop and not forget about reducing
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Medvejellegű
$ADA it's late to open a short but I opened a short before writing to you about closing a long this is how it always happens in trading, a few minutes and a good opportunity for a position is already missed why short - the price moved away from the 50% level and did not go above the 62% level, having tested yesterday's daily low for those who are interested - a small position with high leverage opening 1.06 stop is already at 5% in profit and 25% of position is closed at yesterday's low what could be the target - 1.0166, 0.977 and a very interesting chart at 8H - my last target for today is MA 0.898 if my short closes on stop in profit I will try a new one
$ADA it's late to open a short but I opened a short before writing to you about closing a long this is how it always happens in trading, a few minutes and a good opportunity for a position is already missed why short - the price moved away from the 50% level and did not go above the 62% level, having tested yesterday's daily low for those who are interested - a small position with high leverage opening 1.06 stop is already at 5% in profit and 25% of position is closed at yesterday's low what could be the target - 1.0166, 0.977 and a very interesting chart at 8H - my last target for today is MA 0.898 if my short closes on stop in profit I will try a new one
$ADA long closed on stop in profit no any condition for long
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update - long closed $ADA a new position has already been opened - a very small long it seems the euphoria is not over yet so far - everything is going according to plan opening 1.04616 stop already in profit 1.048 partial closing at levels 1.08 and 1.12 target 1,2376 let's see what the long will bring this time if it will close on stop in profit I'll try again ,)
update - long closed $ADA a new position has already been opened - a very small long it seems the euphoria is not over yet so far - everything is going according to plan opening 1.04616 stop already in profit 1.048 partial closing at levels 1.08 and 1.12 target 1,2376 let's see what the long will bring this time if it will close on stop in profit I'll try again ,)
$ADA I wanted to see it live on a minute chart that's the artificial panic that was created - a collapse, a fall, a sag, a dump people went into shorts where we had already closed the profit we closed early, so what) is it a pleasant feeling?
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update - short closed $ADA so step away from the computer, take a walk, freshen up and after a cup of coffee the situation with the market became clearer to me in order to make a new high there were not enough long squeezes last week; yesterday the price dropped to a very remarkable level of 50% of the previous squeeze and did not go lower, but did not go higher than 50% of this yesterday's decline - this was not opening shorts and was not opening longs for big money - simple distribution of positions before the weekend - someone closed, someone opened, adjusted to neutral if I were smart money, I would deliver the price to the gap level at 1.04, which is very close to the 0.38 Fibonacci and would create panic for opening short positions - opening a short for me is a long for smart money - draw your own conclusion
$BTC for those who opened a short with me - do not forget to move the stop to breakeven +5%/10% ROI and reduce the position in profit by 50% even if the price does not reach the desired level nothing can spoil your mood on the weekend
$ADA as expected the price dropped to yesterday's low for those who opened a short with me be like smart money - close 25-50% of the position in profit and move the stop to breakeven
$BTC for those who opened a short with me - do not forget to move the stop to breakeven +5%/10% ROI and reduce the position in profit by 50% even if the price does not reach the desired level nothing can spoil your mood on the weekend
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update - short closed... $BTC Greed Index has risen to 83 today :) Extreme greed I love this market, will go short with partial closing of the position in profit and moving the stop in breakeven so what is the plan low leverage stop 102878 opening 101748 below 100800 - position reduction by 50% and stop at breakeven +10%/25% ROI target zone 99-97
all this can be seen on the charts, you don't have to be very smart, all-knowing, just a little bit of logic... I like that Binance warns, but who reads? $BTC
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Cryptocurrency Market Sees $45.55 Million in Liquidations Over Four Hours
According to Odaily, recent data from Coinglas reveals that the cryptocurrency market experienced significant liquidations amounting to $45.55 million over the past four hours. This period saw a substantial impact on long positions, which accounted for $42.50 million of the total liquidations. In contrast, short positions faced liquidations totaling $3.05 million.
The data highlights the volatility and rapid changes in the cryptocurrency market, where traders often face sudden shifts in asset values. The predominance of long position liquidations suggests that many traders were betting on price increases, which did not materialize, leading to forced liquidations. This scenario underscores the risks associated with leveraged trading in the crypto space, where market movements can quickly lead to significant financial losses.
As the cryptocurrency market continues to evolve, traders and investors are advised to exercise caution and consider the inherent risks of trading with leverage. The recent liquidation figures serve as a reminder of the market's unpredictability and the importance of risk management strategies to mitigate potential losses.
$ADA as expected the price dropped to yesterday's low for those who opened a short with me be like smart money - close 25-50% of the position in profit and move the stop to breakeven
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Medvejellegű
update - short closed $ADA so step away from the computer, take a walk, freshen up and after a cup of coffee the situation with the market became clearer to me in order to make a new high there were not enough long squeezes last week; yesterday the price dropped to a very remarkable level of 50% of the previous squeeze and did not go lower, but did not go higher than 50% of this yesterday's decline - this was not opening shorts and was not opening longs for big money - simple distribution of positions before the weekend - someone closed, someone opened, adjusted to neutral if I were smart money, I would deliver the price to the gap level at 1.04, which is very close to the 0.38 Fibonacci and would create panic for opening short positions - opening a short for me is a long for smart money - draw your own conclusion
update - short closed... $BTC Greed Index has risen to 83 today :) Extreme greed I love this market, will go short with partial closing of the position in profit and moving the stop in breakeven so what is the plan low leverage stop 102878 opening 101748 below 100800 - position reduction by 50% and stop at breakeven +10%/25% ROI target zone 99-97
update - short closed $ADA so step away from the computer, take a walk, freshen up and after a cup of coffee the situation with the market became clearer to me in order to make a new high there were not enough long squeezes last week; yesterday the price dropped to a very remarkable level of 50% of the previous squeeze and did not go lower, but did not go higher than 50% of this yesterday's decline - this was not opening shorts and was not opening longs for big money - simple distribution of positions before the weekend - someone closed, someone opened, adjusted to neutral if I were smart money, I would deliver the price to the gap level at 1.04, which is very close to the 0.38 Fibonacci and would create panic for opening short positions - opening a short for me is a long for smart money - draw your own conclusion
$ADA yesterday I opened long on $ADA four times the position was with high leverage, but with a very small position size
four times the positions closed with 25% profit around Fibo 1.618 and the price dropped to my stop at breakeven, closing the position - the strategy that was described in my article
today I have no idea, I have no open positions and the charts do not give any inspiration to lean in any direction - bullish or bearish
what to expect - maybe a flat for the whole end of the week - for those who want to spend the weekend in front of the screen - the best multi-hour movie is a Flat Market
the price can drop to gaps not far below and at the same time you should expect a surprise with a new high at the most unexpected moment $BTC
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How to lose a position without making a loss
Everyone says that trading requires a strategy, a plan, knowledge of technical analysis, etc. yes, this is all true but At the very first stage, when a position is opened, many do not have a clear strategy of what they will do if the price goes against the position, and moreover, they do not know what to do when the price goes in favor of the position So - the main thing is not profit - here is a rhetorical question - what to do We see many posts in the feed - I do not know what to do The situation on the market can change at any moment and if a position is already open - you must know what to do If you do not know what to do - simply - do not open a position, or close all positions, even at a loss So strategy - the Holy Grail - how to lose a position without a loss Here is simple logic With any leverage, one and the same logic works - moving the stop to the breakeven level - thus all the costs of opening a position are covered and add to this the costs of closing When to move the stop - here you need to decide for yourself, it depends on the level of greed that you suffer from - with high leverage I move the stop as soon as I see profit 25-50-100% - with low leverage I can move the stop only when certain levels are reached The second point is reducing the position in profit - smart money does not sit with a position of millions, trying to take every last cent from the market and does not close million-dollar positions at once, they close positions in parts, little by little, while the price goes in their favor ... Ask yourself why you do not do the same? For example,
Today a position was opened on $ADA with a leverage of 74x which did not bring me a big profit, but also did not bring a loss after opening the price showed a profit of 100% - I immediately moved the stop to breakeven - then it approached my level for a partial closing of the position at Fibo 1,618 and position was reduced by 25%, but after that price moved down, closing the position by stop - but the stop was already at breakeven thus the position was lost but without a loss
Today a second position was opened on $ADA with a leverage of 74x - the same analysis, the same levels opening price 1.09890 breakeven price 1.09945 the price has already reached 1.115 - which shows 100% profit What to do? For example, move the stop to breakeven at a level with 5% profit and reduce the position by 10-25% Or, move the stop to 15% in profit and wait until it reaches the levels that were determined for partial closing of the position, which is clear today - near the Fibonacci levels at 1.618, 2.168 and 4.238 $BTC
Everyone says that trading requires a strategy, a plan, knowledge of technical analysis, etc. yes, this is all true but At the very first stage, when a position is opened, many do not have a clear strategy of what they will do if the price goes against the position, and moreover, they do not know what to do when the price goes in favor of the position So - the main thing is not profit - here is a rhetorical question - what to do We see many posts in the feed - I do not know what to do The situat
#ADA I'm not at the computer today since I'm opening a position with high leverage, I move my stop to breakeven after I see 100% profit closed at the stop - no problem, open New one I still stuck with same idea ) today not good day for short which more reasonable ;)
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Bikajellegű
$ADA very small long entry on drawdown 1.106 stop 1.094 exit on 1.618, 2.618, 4.238 fibo
$BTC new short was opened at level 100974 position is small - maybe I'll add at the level at the moment stop is high 103869 well and profit... 80154... God willing, God willing Plan to move stop gradually in profit, close in parts and wait Duration of position - one or two weeks