I am a purely left-side trader, and contracts themselves are about taking small risks for big rewards. My starting point was also 10u. After making 300u at first, I later faced liquidation. At that time, I was just a right-side trader who knew nothing and could only chase highs and cut losses. However, the fluctuating K-lines would crush my psychology, and later I ended up liquidating due to random operations.
I realized that technology is also very important, so I started learning. I no longer believe in the posts from the square and those who show off their trades with pictures.
Personally, I summarize that having a strong mindset is as important as technical analysis. (Even if your stop-loss is triggered, do not infinitely expand the stop-loss range; it will only lead to greater losses.) There are many opportunities in this market, and we need to learn to wait.
I will share my strategy, hoping it helps some confused friends. Of course, one needs to learn and understand it themselves.
First, I use multiple indicators to predict entry points. If I have enough time, I will wait for the entry signal. If I need to sleep or rest, and I am extremely confident in my judgment, I will place a pending order (must set a stop-loss of 1.5%-3%). Don’t always worry that hitting the stop-loss will lead to losses; think instead that if your judgment is wrong, the stop-loss will help reduce your losses.
I will look at the direction and key points in the higher time frames; first, I will look for key support and resistance levels. I will use Fibonacci to determine key retracement points, and I will give an example below.
If a coin skyrockets, I will first mark the support and resistance. I will use Fibonacci to find 0.618 and 0.786, combined with analysis. This is not my entry signal; the key is to judge whether there is a possibility of a change in market momentum through the MACD on higher time frames.
I do not trade coins that are rising because I am a left-side trader. Every day, I look for pullbacks and coins that have been consolidating for many days. (For coins that are consolidating, you don’t know when they will surge, but if you capture the central range of fluctuations, you can expect to make 20%-40% profits on contracts with 75x leverage.)
Once you have technical analysis for comparison, the most important thing is execution. Do not enter positions at key support levels unless they are at your target position; once you enter, you must set a stop-loss. Never modify any targets manually without a stop-loss! The stop-loss can be calculated based on the ATR average value. I advise everyone that the market is very cruel, so do not blindly follow others. Improving yourself is the long-term solution; I hope this helps everyone. If you like contracts, enjoy researching charts, and studying techniques, click on my avatar. I share years of experience and skills in the crypto circle for free. I will be waiting for you in the circle, online at any time, welcome to discuss and improve together.