Every time I open a large position, I end up getting stuck. I've calmed my mindset; a small position is also quite good. Earning a bowl of pork trotter rice every day is fine; it doesn't matter how much I earn or lose, securing profits is what matters.
I want to ask everyone, every time I incur a loss, I always want to hold onto the position. How can I correct this? Or what is a reasonable loss percentage to set a stop-loss? I seek advice from all my friends $BTC $ETH $SOL
Going long gets buried, going short also gets buried, the key is that each time it's a little higher than the set stop loss, chasing and killing, can't hold on anymore, the 1-3u ant position will double no matter how it's opened, once it’s a serious entry it’s a complete loss, handsome guys and beautiful ladies, is there anyone with a high hit rate, please give some guidance to the little brother🫥🫥$BTC $ETH
As of November 23, 2024, the Bitcoin price is approximately $97,766, a slight decrease of about 1.6% from yesterday. The price movements throughout the day have been relatively stable, with a price range between $97,535 and $99,704, showing an overall trend of oscillation and consolidation.
Today, Bitcoin failed to effectively break through the resistance level of $99,000, while the lower level of $97,500 demonstrated strong support, forming a short-term oscillation range. Recently, the price trend has been relatively weak, with neither bulls nor bears holding absolute advantage.
Key resistance levels above: $99,000 to $100,000. If this area is broken, it will further test the high point of $102,000. Main support levels below: $97,000 to $96,500. Once broken, it may trigger a deeper correction.
With Bitcoin's recent significant price increase entering a high-level consolidation phase, market sentiment is becoming cautious. Some investors have chosen to take profits, leading to increased short-term selling pressure. At the same time, institutional investors' willingness to buy at current high levels has decreased.
In the short term, Bitcoin may continue to oscillate between $97,000 and $99,000, waiting for new driving forces. On one hand, if it breaks through the resistance level of $99,000 and stabilizes, it may open up space for subsequent increases. On the other hand, if it breaks below the key support level of $97,000, the price may further correct to $95,000 or even lower.
Short-term traders: Can buy low and sell high within the $97,000 to $99,000 range, but need to pay attention to stop-loss settings to guard against risks from price fluctuations.
Medium to long-term investors: It is advisable to patiently wait for the price to correct to a more reasonable range before positioning, while closely monitoring the impact of the global macroeconomic situation on the cryptocurrency market. $BTC
Many opened near 3050 for the second pancake, take profit at 3160, 3170, 3180, stop loss set at 3000, 2980, 2960, check the results when I wake up tomorrow. $ETH
Originally wanted to reach 3160, but saw the live stream of the Starship exploding, worried about a pullback, so I settled at 3100, simply made 70u, enough to enjoy several days of pork trotter rice, can sleep peacefully 😴$ETH