Those who know how to buy are disciples, those who know how to sell are masters, and those who understand how to hold cash are the ancestors! In trend wave strategies, the choice of entry points is secondary, while the exit points are key. However, good capital management is the soul of trend wave trading.
Aunt's market is still oscillating and adjusting within the expected range. Yesterday's strategy was profitable for both long and short positions. Since the range is not broken, we should still treat it according to the range for the short term, and the temporary strategy remains unchanged.
Observe the small range according to the 200 points between 3230-3030. If the upper level of 3230 breaks, it will extend to the resistance around 3380-3420. If the lower level of 3000 breaks, look at the support range around 2880-2830. The longer the range oscillates, the higher the probability of a breakout later. When we repeatedly gain at the same position, we need to be more cautious as we go further, and position risk control must be done well.
Do not overly speculate or interpret the market. We should simplify things and follow the traces left by the k-line feedback after the long-short game. Judging through conspiracy theories will lead you into a deadlock. Sometimes it seems like it's about to break but continues to move within the range. When you treat it as a range, a breakout can leave you confused. Therefore, I believe reasonable allocation and management of positions is very important. What is considered reasonable? For example, having a defense mechanism so that even if it gets swept, you can sleep peacefully is reasonable. It's a rough saying but makes sense; after all, gains and losses come from the same source.
11.19 Aunt's short-term suggestion: 3230 support, short at 3180-3200, target 80-100 points. 3380 resistance, short at 3350-3330, target 80-100-150 points.
3000 support, buy around 3050-3030, target 80-100 points. 2830 support, buy around 2880-2850, target 80-100-150 points.
The above suggestions are for reference only; please manage your risk well.
Wishing you successful trading!
Alright, friends, we have to say goodbye until next time. I wish everyone more success and smooth sailing in the cryptocurrency world! More real-time advice will be sent internally. Today's brief update ends here. For more real-time advice from Aunt Bitcoin, find Gege.
Written by: I am trader Gege, a friend willing to accompany you to make a comeback.
