Thanksgiving is coming soon, and for Americans, it's a significant holiday. Thanksgiving connects to the weekend, and the next day is Black Friday. These are days that will affect retail investors' profit-taking and capital withdrawal. Although institutions are continuously buying now, being cautious is always a good idea. It may not have much impact on Bitcoin, but it can still affect altcoins.
Thanksgiving Date: November 28
Black Friday Date: November 29
Just a reminder of the potential risks; it's time to move up the stop-loss level.
If there is a concentrated profit-taking, it will impact the market in advance, for example: from the 25th to the 27th, by the holiday itself, the impact is minimal. Therefore, if you want to raise the stop-loss level, you should do it in advance. Check where the closest 4-hour double bottom is, and move the stop-loss level down to that price by 0.3-0.5%. If you're really worried about being stopped out and then the price goes up, and if the chips have enough price advantage, you can allow for two intervals of the 4-hour double bottom, and just place the stop-loss at the position of the second-to-last double bottom.