The market is stabilizing, and most currencies have stopped falling and entered a period of shock.
The decline on August 5 did not cause the market to continue to fall, and there was not even an inertial decline. Normal market trends will have inertia. No inertia means that the power of the bears has been exhausted.
Yesterday, some strong currencies basically recovered the decline of the day before yesterday. Today, let's talk about the trend of FIL. Regardless of its fundamentals and previous trends, at least it performed relatively strongly after this decline.
I personally do not think FIL is good in the long term. I have written a lot of articles about FIL, and I will not repeat the fundamentals.
After a wave of rapid decline, FIL showed a piercing pattern, and the market stopped falling.
The consensus of FIL is relatively large, because too many people are trapped on it, and they all expect its price to rise and look forward to getting their money back.
FIL is still in the bottom stage. This decline did not break a new low, indicating that the support below is still relatively strong.
Especially yesterday's rebound, compared with many currencies, it is stronger. The support level around 3 US dollars is relatively strong, and the price is not high. The mid-line is actually in a very good position.
Although I am not optimistic about the long-term, it does not affect the mid-line, because his consensus is still there, and such currencies have a very good opportunity to do mid-line.
The mid-line has mid-line strategies and position management. Enter the market in batches according to the formulated trading strategy. No matter how good the currency is, you can't go all in at once. This is risk prevention and control, and it is also a trading habit.
Most people lose money because of their trading habits. Reflect on yourself and look at the people around you, and you will know the importance of this sentence.
I am Qiqi, a person who once lost everything in the currency circle. I have encountered all the problems you encountered in the currency circle. I hope to help the little leeks on the road grow into big leeks. Welcome to chat #FILUSDT #美联储何时降息? #BTC走势分析 $DOGE $GFT