2024.9.7 Funding: 39938U
BTC has fallen again, and this wave of positions continues to fall.
There was a big drop yesterday, and the funds retreated to around 34,000. . . Yesterday, when FLOKI was at a low of 0.111, I even wanted to cover another wave of positions. However, if it was too risky to cover and continue to fall, I calmed down and waited for the market to rise before doing operations, which would be less risky. Now the market has reversed slightly, and it is a rebound market, but it may continue to decline at any time and fall below a new low.
There have been very few operations in the past few days. In addition to doing some small swings, I am mainly waiting for the rebound of the rising market. I don’t need too much increase to make back my capital and gain profits. Currently, there is a volatile downward trend, and the price does not rise. It will always remain unchanged within a certain range. Calmly wait for that moment to arrive. You must be calm and patient. Although the current position is heavy, it is not a Stud position. Risks must be taken to gain profits.
I feel that FLOKI is quite resilient. Although it has not risen, the decline is not as big as that of BTC and ETH. I believe that when the rebound comes, it will definitely take the lead. You must also be able to hold on to your bottom positions. As I said, if you hold on to a falling position, you must also hold on to a rising position. I don’t know when the rebound in my vision will come as promised, or it may not come for the time being. If the stop loss is triggered, the position should be adjusted lightly, more steadily, and slowly.
For now, it is better to continue to hold and wait and see how the market changes.
What you have to do is always to keep everything under control. Don't have any illusions and keep trading. Your first priority is to protect your own funds.
