The market is fluctuating downward (negative decline), where should we go?
Good morning, everyone. Friends who are still trading frequently these two days are either constantly being stopped (the direction of the market is unclear); or they are trapped in long positions. If you happen to encounter such a situation, take a closer look, I will take you to sort out your ideas again!
Let's not talk nonsense, just get to the point!
First of all, we need to make it clear that Bitcoin's current daily line must belong to the short side area, and the long side has begun to enter the callback market. If you are a retail investor with a large position, I suggest you open a long order when the market stabilizes above 69129u. This price is the dividing line between long and short positions. Please be aware! Large positions are not suitable for short-term profits in the daily level callback market!
Then for most players with normal positions, if Bitcoin rises to (rebounds) 68065u and does not continue to rise (the price stabilizes below this price when closing), we can try to short with a light position! The stop loss price can be completely placed at 69129u (the daily long and short frame mentioned above). The short position target is 65766u first, then 63841u.
However, when executing this strategy, when reaching the first short position, there must be a defensive action of reducing the position! The two target positions mentioned above are actually two strong support positions. Please be aware of this! Prevent profit taking!
Ethereum closed at the daily level, and the daily line also entered a callback market. The lower support is 3633u first and then 3448u! If the rebound does not break 3815u, you can try to short lightly, and the stop loss price is 3892u. Their overall thinking has always been the same! Friends who love to do Ethereum, read the above ideas carefully, refer to this paragraph for specific points, and if you have any questions, please find me on the homepage.
This id has changed its name, but not the person! Thank you for your support!
If you understand the strategy and ideas, follow them. If you don’t understand, leave a message in the comment area..
