Just now, a coin friend asked me if my defense point is the stop loss point? No, if I need to stop loss, I will directly say a certain point loss, for example, when ETH pulled back to 3060 last night, I suggested going long, and the loss I gave was 3012, the reason being that if it breaks below 3k, it will lose support, and it could drop down to 2966, so there’s no need to hold on, just take the loss and buy lower, which is better.

In a one-sided rising market, if my every long position defense point is breached, I reduce my position by 10-20%, depending on my own position. Because I am buying on the pullback, not chasing the market price, the defense point will be lower than the lowest target pullback point. If it breaks here, I just need to reduce a bit of my position. Of course, if the total position is not more than 25%, there is no need to reduce the position in such a market. Because if you reduce your position, it will still rebound and enter a floating profit state. Just like last night at 90400, 89999, 89666, I bought in, the average price is just around 90k, and I can still earn 2700 points. The defense for this order is 88699, because it is 1300 points away from the entry point, if it really pulls back to here and you want to stop loss, then this loss is a bit large, and if it rebounds up, you will regret it. That said, if it really drops to 88699, I wouldn’t let you buy above 89666. There’s a possibility of a deep drop that could converge.

Therefore, it can also be said that in a one-sided rising market, the core of every entry on a pullback is to control the forced liquidation well, and secondly, to reduce the position sensibly if the defense point is breached. Unless the position is opened to more than 60% and the forced liquidation is too close, this cannot be avoided. And this kind of contract trading is the most dangerous, not recommended to play like this. Earning 70-100k with 1 million per order is easy, but trying to use 10k per order to gamble for 70-100k is no different from licking blood on a knife's edge, and you will eventually face a disastrous end. #币安矿池FB联合挖矿 $BTC