đ„THIS IS HOW HOLD SPOT HELP YOU NOT MISS THE FIRST WAVE OF 2024đ„
đAt the current stage, for those who do not have their own spot portfolio, people are having a hesitant mentality. If they buy, they are afraid that the market will reduce their portfolio and they will suffer a temporary loss. If they don't buy, they are afraid. The flying market will always miss out on good entries. So what should we do at this point?
âDetermine your investment portfolio: The current crypto market has many tokens of many different systems, so the first thing you need to determine is which tokens to hold and how to allocate capital. Doing so will help you avoid getting confused with information and wondering too much when investing.
âDetermine in advance the points at which you are willing to deposit money to hold: After choosing your favorite coins, we will analyze at what points you should buy these coins and will deposit money if the price reaches the zone. regardless of how volatile the market is at that time. Note that we will not deposit all the money for that coin in one entry. By doing so, you will have less psychological problems when investing. If you have invested with me for a long time, you will know that I called Toncoin at the price range of 2.5 and locked it at $7. Then I give 2 consolidation areas at 3.4$ and 4.7$. In the recent period, the price was 4.7$ and I started trading here. Currently, there is a profit of 50% from the entry. You also feel light, don't you? You also have stock and partial latches here. Everyone was happy and completely stress-free.
âDetermine your own profit-taking milestones and profit-taking style. Even though you analyze a token x10 âx20, transferring a coin to TP is not an easy task. Increasing profits also has its own pressures. My style will be to close the original when the price of the token is x2 the original price and gain interest. That way you will no longer have to worry about withdrawing your capital. The profit if I analyze this token is x10, then I will lock Âœ at x5 and the remaining will be held until TP.
đ§§Above is my way of hitting spots, hoping it will help you in this uptrend season. Wishing you the best results in the uptrend season. How do you hit your spots? Please comment to let me know. Have a nice weekend.
This is the way I have used to trade for the past 4 years, everyone can see and refer to it. - First, about how to raise capital, I only spend a maximum of 10% of the total capital to bet on futures and 90% to bet on spot. (For example, with capital of 1000u, only use 100u for future) The remaining 90% can be divided into 3 parts: 50, 20, 20. - For the 50% part: I will rotate around 3 coins BTC, ETH, BNB and change the ratio between the 3 coins in each stage. - For the 20% portion: I will split it to hold altcoins so I can hold them for a long time. - For the 20% portion: I will use it to bet on short-term coins and lotteries to accumulate and increase assets. Note that no matter what category the order is in, we cannot put the entire volume of a category into 1 coin. Putting your eggs in one basket is never a wise decision.
Tonight the crypto market has had a very strong increase, BTC also increased by 3,000 bringing excitement to the entire market.
But don't get too excited and fomo, currently the index is at the overbought level. The BTC.D index is at a very high level and BTC has also filled the 61,000 gap.
Currently, BTC has a gap in the 53,500 - 55,000 area that needs to be filled. The overbought state is covering the entire market.
=> Advice for everyone: Hold on to long orders and take profits in parts to preserve profits. Limit fomo long, but don't short in the current excited state. We will give signals if there are good short setups.
đ”UPDATE BTC PLAN FOR THE NEW WEEK 16/09 - 22/09đ”
âïžThus, BTC has followed the plan given last week, although the price is a bit slow at the end of the week, the price line is still respected.
đIn the short term, today and tomorrow, BTC is expected to have a recovery. However, all recovery movements are only looking for selling points.
âïžThe short-term bottom for BTC in this period is expected to be around 58,500. Absolutely limit short fomo at the present time. There will be an entry for you to trade in the next 1-2 days.
âšBe patient and wait for the right entry.
đšâđ»Above is MGS Trading's new weekly BTC plan. You can refer to it to come up with a suitable trading plan.
In terms of the story, we are no stranger to WLD, the current face of the AI ââtoken system this season. In March 2024, WLD had a spectacular increase of more than 1000%.
After the downtrend, the wld chart is currently showing optimistic signs.
Currently, RSI is at 53, cutting up 2 MA lines, the large time frame has broken the downtrend. You can divide the volume to gradually accumulate goods in this token.
Stick to the plan and wait for the price to go up. Almost 1k price, enough for the weekend, guys?
Have a nice weekend everyone
LIVE
MGS TEMON
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đ„BTC PLAN UPDATE ON SEPTEMBER 14đ„
đBTC is moving as planned and has now approached the target zone 1 60,600.
đCurrently, there are signs of adjustment in the small time frames. BTC's plan this weekend is that BTC will sideways here before adjusting to the 58,000 - 59,000 zone.
đBTC is currently at a resistance, so be careful with your long/short positions. It's the weekend so the price will hardly run strongly. Everyone can take the opportunity to rest and spend time with family.
Here is a tutorial to help everyone receive airdrop 20đ”-50đ” from binance. If you have any problems, you can inbox directly to the support of the group to receive support. Good luck everyone
Step 1: Access the binance app, select the bnc icon in the left corner. Step 2: Click on the verified area.. Step 3. Select "perform advanced verification" Step 4: Select kyc documents. Note that the name and address must match. Step 5: Submit documents and continue. Step 6: Wait for confirmation.
đBTC is moving as planned and has now approached the target zone 1 60,600.
đCurrently, there are signs of adjustment in the small time frames. BTC's plan this weekend is that BTC will sideways here before adjusting to the 58,000 - 59,000 zone.
đBTC is currently at a resistance, so be careful with your long/short positions. It's the weekend so the price will hardly run strongly. Everyone can take the opportunity to rest and spend time with family.
đThus, BTC has returned to a short-term uptrend after a correction to 52,500.
đIt is expected that BTC will retest the 56,500 - 57,000 zone today before continuing its uptrend. It is expected that if BTC can break through the 58,300 zone, the next target to aim for is 59,800, further than 61,600.
đThe expected plan from now until the end of the week is to watch for Long more than Short.
đThis is a reference plan from the personal perspective of MGS TRADING. You can refer to it to come up with a suitable trading plan.
BTC is currently returning to a short-term uptrend this week, focusing on finding positions to buy rather than sell.
In the short term, the 53,900 - 54,500 area is a good OB for us to open BUY positions. The short-term target for BTC is 55,900 - 58,300. The absolute SL for this order is the old bottom of 52,500.
At this rhythm, I expect altcoins to be pushed strongly. The ETH/BTC chart has shown signs of forming a bottom. Buying foundation coins will be quite stable at the current rhythm.
This is a personal perspective that you can refer to in order to come up with a plan that suits you.
1. Take advantage of accumulation opportunities: Downtrend is an opportunity to accumulate cheap coins and improve knowledge. However, not everyone realizes this opportunity, and most of us often feel discouraged when prices only go sideways or decrease.
2. Diversify investments: To minimize the risk of loss, diversifying your investment portfolio is an effective way. However, you should focus on top coins (such as BTC, ETH, BNB) or coins with long-term development potential. Because not all coins can overcome the downtrend.
3. Average price: Averaging the price during the downtrend helps optimize profits when the market returns to an uptrend. Instead of just buying at a single price, take advantage of many different prices to gradually accumulate assets.
4. Maintain a stable mentality: In any market, maintaining a stable mentality is important. Avoid letting emotions dominate investment decisions leading to undesirable results. A stable mentality will help make reasonable long-term decisions.
5. Accumulate assets: Downtrends often come with risks and pressure, but they are also opportunities to accumulate more coins at good prices. Take advantage of these price drops to increase assets, preparing for the market recovery in the future.
đ„HOW TO HOLD SPOTS IN UPTREND SEASONđ„ đ„Goal: Take advantage of asset price increases to maximize profits.
đ„Strategy: đIncrease holdings: When the market is trending up, you can increase the proportion of capital invested in potential assets (such as stocks, cryptocurrencies, or other assets) to take advantage of the increase.
đAccept higher risks: You can keep a higher proportion of capital in assets with high volatility because of the high potential for price increase.Buy on pullbacks: Use short-term price declines in an uptrend to increase your position.
đ„Capital allocation: đFocus more on growth assets: Increase the proportion of investment in assets that are trending strongly.Reduce cash proportion: Because during the uptrend season, the opportunity for profit is high, you should keep less cash.
đRisk Management: Set stop loss a little further out due to confidence in the long-term uptrend.
đ§§In an uptrend, the strategy is proactive, accepting higher risks to optimize profits.
đ„BTC crashed hard to the 55,500 zone last night, signaling a fiery September for the crupto market. History has proven that September is mostly bad for the crypto market. This is the month we can accumulate stocks and wait for a more positive signal from the crypto market at the end of the year.
đ„In the near future, BTC is likely to find its way to the 54,000 zone, rather than the 50,000 - 52,000 zone. In September, we will prioritize selling over buying.
đ„In the short term, BTC will have a recovery today to the 56,500 zone, possibly the 57,400 zone, before continuing its downtrend. Short-term uptrends are an opportunity for you to exit your positions and find suitable short positions.
đ„This is a BTC plan for reference from a personal perspective, you can build your own suitable trading plan.
đ„Memecoins have had a good ROI since the beginning of the year, their popularity and saturation have made the profits no longer attractive. By the end of 2023, investing in memecoins is considered foolish, and only those who are brave enough to buy at low prices will make a profit. The move from technology coins to memes in May and June is still considered a mistake, but in fact it is an opportunity that few people think of.
đ„Waves like Tron or Sun have shown that although short-lived, there are still opportunities to make a profit. Memecoins like $SUNDOG still maintain high caps and have beautiful charts. In general, things that few people dare to take risks are often the best opportunities. When what everyone knows is saturated, such as memecoins on Solana ($SOL), the price of $SOL is no longer increasing and the trading volume is low.
Many people have sold all the tech coins and bought memecoins like $PEPE, $FLOKI and now $BOME with similar expectations, holding too many memecoins at this stage is unnecessary. History shows that the growth wave often starts with tech coins like AI, DEPIN, L1, and altcoins have fallen sharply from the top, highlighting that maybe the new tech coins are the better choice in the current period.
Anyway, tech coins are quite cheap at the moment, maybe the game will start to turn back to tech coins, just like last September. There is always an opportunity for everyone.
BTC yesterday had a strong crash around 55,500. It is expected that there will be a slight recovery for BTC today. The levels that can be reached are 57,600 - 58,500. If BTC is strong enough, it can reach 60,000.
In the worst case scenario when BTC hits 48,500 and continues to crash, we will have to prepare ourselves to see BTC at 54,000 - 51,500 - 48,000.
Currently, the large time frames are quite bad, the forecast for September will be quite bad for the cryptocurrency market in general. Everyone should be careful with their long/short positions.
This is a reference plan based on a personal perspective. Everyone should manage their capital well.