The BOME market perfectly illustrates the importance of taking advantage of the situation. If you do not sell after the price rises, you will face three situations. The first is a profit retracement and you leave the market with intact capital retracement and you do not want to continue holding, so you are trapped or lose money. After the third sale, the potential for a breakthrough continues to increase, causing the sale to drift.
In terms of probability, the probability of selling is only one third, especially before the market moves forward, the probability of selling is reduced by one more level. You should choose to reduce your position when it rises and choose to cover your position during the correction.
BOME After we reduced our position near 0.01, Taco gave us a filling position near 0.009090. Now the low has reached 0.008997, which successfully allowed us to refill our position.
It seems that the trend may continue to decline. The next filling position is set around 0.008450, and the position to reduce the position is still around 0.01. If there are any further changes, I will post an appropriate update.$BOME