If you have made some money in kava, you can sell half of it first, and stop loss at the remaining cost price, and continue to hold the position. I will send you the logic of opening a position in the evening.
At the end of the triangle consolidation, it is likely to break down from the current point of view Once it breaks down, the target is below 2500
There is no sign of strengthening at the small level, and the 4H consolidation range is also constantly decreasing
If the big cake does not continue to rise, but trades sideways at a high level, and then falls again, Ethereum will break below 3000, and fall very deeply
From a technical perspective, the triangle has broken down, theoretically meaning it's time to stop losses
Yesterday showed signs of increased volume and a halt to the decline, still holding onto a glimmer of hope for a rebound
Currently, it seems I was overly optimistic, as there are no signs of a halt or rebound
The market performance is really poor
Sold at 28, sold again at 19, a loss of 30%
There are still expectations for speculation in the future, it’s just that being stuck is truly uncomfortable, and I don't know how long I'll be stuck, nor do I know how far it will drop
And then there's PEPE, average price above 19, directly cut in half
All the knockoffs have been sold off, switched to Ethereum, average price below 2400
I’m really scared now, no longer fantasizing about breaking even
I plan to hold onto Ethereum for a double, with very high certainty of profit, and after doubling, I can still make a small profit
Hopefully, that’s the case, at least it won’t go to zero!
......
Everyone playing spot trading has died off so far
I believe everyone’s situation should be pretty similar, if you're unlucky enough to buy PNUT, NEIRO, ACT, that would really be a mess
Don't ask if there's a chance to break even, I don't know, anyway most likely there isn't
Funds are limited, there are too many cryptocurrencies, with no consensus, all diluted, making it very difficult to rebound
To be direct, I strongly advise against everyone following trades
From the feedback, it seems that almost everyone is losing money
Let's analyze the reasons:
1. There is a time lag from when the trades are sent out to when everyone sees the message, which means there will be a difference in entry prices, unless one can see the message immediately
2. Not every trade can be followed by everyone; it’s possible that profitable trades are missed while losing trades are followed instead
3. Another issue is the win rate, personally, based on recent trades, the overall win rate should be around 50%, which is average, but should be better than most people
As for myself, the contracts have been making a small profit recently, but those who followed the trades are losing; as long as you follow trades, it’s highly likely that you will incur losses
I have also mentioned in the comments that it is still unstable!!! I have no qualification to lead trades, nor do I have the qualifications to run any paid groups; I am quite clear about my own understanding, and it is stated in my profile that I have some ability, but not much
Enter the market after breaking the downward channel, enter the market with a short position Subsequent V-reversal, a head and shoulders bottom after the callback Stop loss on the short position after breaking the neckline, open a long position
It is very consistent with my order opening idea, there is no problem in logic, but the result is that both orders are lost Since the stop loss is my problem, the market is never wrong
A simple review, there are probably three problems
1. The 15MIN small level, the structure is not very stable, only a small amount of funds is needed to drive short-term price increases and decreases
2. After the breakthrough, there is no stabilization, and the market is directly entered, because the overall trading volume of the rising section is greater than that of the falling section. In the short term, there is obviously money buying, but the buying has not continued, and there is greater selling pressure later
3. Ethereum plummeted, the overall market sentiment is very bad, and it is almost impossible to get out of the independent market