Tonight is the non-farm payroll. Late Thursday night there will be a big move, and on Friday night it’s generally unlikely to have another big move. Otherwise, it would just become a slaughterhouse. The indicators at the small to medium levels need to be repaired. Currently, it seems the repairs are happening quickly.
I bet that not only is it impossible to have a big move tonight, but it will also surge. If the non-farm payroll is negative, then there will be no interest rate cuts this month, which could lead to a bearish trend. Clearly, this is not very likely at the moment. My thinking is completely different from the average retail investor. After a big move, new investors will definitely be anxious, and as soon as they wake up, they will shout that entering the market earlier will yield larger profits, but still, many people hesitate. Retail investors tend to look bearish after a significant drop, and as a result, their short positions will get trapped, because today we are in the process of repairing indicators. If one rushes to short now, they will definitely end up shorting at low levels.
So tonight, just do normal buying on dips. After the afternoon session, I will update the low buy points for tonight. During the day, when there is a rebound to the target profit point, take profit on 1/2-2/3 of your position, leaving some for the larger position structure. If you think there will be a second big move in a row, it indicates that your understanding of the market is completely lacking.
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