The family was awakened by the sound of the alarm!

SOL Order Strategy Sharing (12.9)

1. Good evening everyone, I am your Chen Mengsheng. Looking at today's market, I can only say that after a busy day, I opened my watchlist and without a second thought, I clicked on a Huanghelou at 93. It made me feel quite melancholic. This week is another tough battle, bringing back the feeling of breaking up with my first love 😂. It's truly a sea of red! The feeling of being on the brink of collapse every minute. Whether it's the 4-hour or daily chart, the four candles are contracting and declining. Today, going long requires caution. The 4-hour chart rebounded to the high point near 247 after breaking the rising channel, which led to another decline. From a structural perspective, the chart shows a bit of an M-top pattern, but the bottom of the M-top is certainly not as solid as a W-bottom. This wave does not rule out forming a W-bottom M-top. The first small support is at 216, which happens to be the bottom of the last JOC, as it was retested on December 3rd. So, this is not an ideal entry point for going long. The next support around 200 is a very good point for entering long positions. If it can drop to around 200, we will definitely see a 4-hour level rebound, which can yield good profits!

2. After discussing the general strategy and entry points, let's talk about specific levels. Place buy orders around 200-205, aiming for a target of about 220-225. This trade needs to have a thicker stop-loss. Although today's SUI short order made a little less profit, I want to say that no matter how much we earn, it's still profit. Protecting the principal comes first before discussing profits. There are infinite opportunities here, and we can't seize every chance. What we can do is to control risks as much as possible. A 140% return is not a small gain, and even washing your feet would seem like a choice worth considering. You know what I mean, hahaha! $SOL