November 20, 2024 08:00-12:00
Hello brothers and sisters, here is a work report:
The core of trading lies in risk control, emotional management, and cognitive improvement. Set rules and adhere to them in the long term. Short-term luck cannot bring long-term success; only discipline and execution can truly change your trading fate.
As Sun Tzu said in 'The Art of War': 'The one who is good at fighting first makes himself invincible, then waits for the enemy to become vulnerable.'
Excellent traders must first improve themselves, minimize uncontrollable risks, and then patiently wait for market opportunities. Let's encourage each other 🙏
Monitoring Binance's 330 altcoin entry signal alarms:
Last entry signals: 50, current entry signals: 4
Market entry signals have significantly decreased, and the altcoin pullback momentum is obvious. Hold steady and wait for purchases.
Overall market summary: High position divergence and consolidation, entering a downtrend
4-hour price has tested highs multiple times and has been suppressed. There is effective selling pressure above at 94000, 98000, and 100000, with apparent pullback momentum. Daily and weekly supports are effective, short-term pullback, medium-term bullish outlook.
Overall weekly structure: Complete
Overall monthly structure: Complete
Ethereum overall summary: Seeking support, maintaining downtrend
4-hour price is looking for daily and weekly support, structure shows selling pressure at 3200 and 3600, testing the daily and maintaining above the weekly line, which will trigger a rapid rise.
Ethereum weekly structure: Complete
Ethereum monthly structure: Complete
Altcoin overall structure: Altcoin season, after the first round of rebound, starts to pull back
Monitoring range: 330 altcoins on Binance
Comparison of yesterday and today's structure:
Weekly structure: 217/187 Number continues to decrease
Monthly structure: 161/149 Number decreases
Weekly monthly structure: 141/130 Number decreases
Judgment range for the start of altcoin season:
Monthly structure greater than 150 or weekly monthly structure greater than 100.
Altcoin summary: Altcoin season is still ongoing, hold good spot positions, set good take profit and order prices.
Operational aspects: Structural orders have been issued, place orders according to entry range, hold on and don’t fear market fluctuations.
Order logic: When structure appears, enter fully with multiple coins; when structure disappears, exit gradually; if there is no structure, remain out of the market.
Recently providing free assistance to 10 people to build their own trading systems. Please refer to the thank-you letter for details.
Note ⚠️ All issued orders are based on personal experience and should not be taken as investment advice. Trading carries risks; please be cautious when entering the market.
