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Position Management for Cryptocurrency Newbies If you are a gambler who loves poker, likes big ups and downs, likes excitement, and likes short-term pleasure, you probably won’t consider position management; ⭐If you are burdened with foreign debts and online loans are pressing you for money every day, you probably don’t have the patience to learn position management. All you want is the belief and fantasy of getting rich quickly. ⭐If you are an old investor, have actually lost money, been hurt by the market, and experienced the pain of several margin calls, you probably already have your own position management awareness and experience. ⭐Most of the people who die in this market do not die because of strategy failure or technical garbage, but because of mistakes in position management, or they die from opening with heavy positions, or they die from increasing their positions.
$SOL The multiple orders and spot transactions below 129 have also entered floating profits.
🌕 Short-term resistance level: around 144 (hasn't rebounded yet), once it reaches this level, short-term profit-taking or partial profit-taking can be considered. Below 130, one can continue to buy for averaging down. Whether it can hold for the medium term to see above 178 depends on the individual.
$ETH Structure Update: Currently, the upward trend in 1-hour and higher timeframes is intact, with higher highs and higher lows. As long as the trend remains intact, there's no need to fomo into extreme bearishness on pullbacks.
🌕 Key Support Levels:
Around 3222 (weak) Around 3142 (weak) Around 3072 (weak) Around 2982 Around 2841 Around 2718
🌕 Key Resistance Levels:
Around 3288 (weak) Around 3369 Around 3470 (weak) Around 3559
$ETH Short positions should preferably not be entered near 3070-3088. This morning, a short-term long position was used once during the live broadcast. The hourly level is in a pullback trend, and the upper blue line is a 4-hour descending trend line resistance (coming down from the high point of 4754 on October 7).
The first attempt for a short long position can be around 2970-2983. Below that is the acceleration zone, and it will only accelerate if it breaks down with volume. There is no need to hold positions in the short term; a stop loss of 2946-2940 is sufficient.
Further down, the mid-term spot and contract long positions can be entered in batches as shown in the picture. The expectation of interest rate cuts will linger until December 10, and unless there is a deep crash, the pullback below still presents an opportunity for long positions, with hopes of reaching 3270-3360 above.
$BTC Structural Update: The area near 86933 is a defensive line held by multiple armies, a key protective position for the trend of rising highs and lows (ascending wedge).
Currently, the upward trend is intact above the 1-hour level, with higher highs and higher lows. As long as the trend remains intact, there is no need to fear missing out on extreme bearishness during pullbacks.
🌕 Key Support Levels:
Near 89111 (weak) Near 88099 Near 87077 (support from the 4-hour ascending trend line, wedge structure support) Near 85303 Near 83506
$BTC Supplement Update: 85300-85600 is the defensive line firmly held by the bulls, and it is the key protective position in this trend of raising highs and lows (ascending wedge). A significant drop below may lead to a low point below 80,000. Maintaining the structure gives a chance to reach above 96,000 or even 100,000 this month.
🌕 Support levels below:
Around 88084 Around 85303 (if it breaks again, be wary of the possibility of dropping below 80,000) Around 83507 Around 78535
$ETH 1011 Inside the giant whale of 19108 Ether at the 3280 long order wall is quite solid. Don't know when it will be eaten or withdrawn by itself.
🔥 For those in empty positions, don't rush to enter long positions, wait for the interest rate cut at 3:00 AM on the 11th and Powell's speech at 3:30 PM to stabilize the market before making decisions.
🔥 For positions that are currently in profit, consider taking profits or setting a trailing stop to protect profits. For positions that are underwater, you can continue to hold without adding to your position for now.
Powell's speech has a higher probability of being hawkish, pay attention to the opportunities to go long at the bottom of the spike, the point is still to look for the Ether support level I drew before. Start looking for better positions from the 3080-3070 support level downwards.
$TRUTH Swarm Network is a decentralized protocol where artificial intelligence agents and human collectives come together to verify and preserve the truth on the chain. Focused on building the "world's first privacy-preserving oracle layer",
🔥 Two rounds of financing, currently the market cap has been washed down to below 30 million, entering a reasonable layout entry area, basically less than twice the initial financing scale, can pay attention to entry opportunities later, first observe the trend of the market, and then selectively layout altcoins.
🎁 Entry suggestions
Lower support: 0.0127 (can intervene close to short-term long positions) Upper pressure: 0.0181
Talk about copy trading, currently, it starts with a normal ratio for opening positions, basically starting with a minimum of 1/10 of the copy amount, which means starting with 500u. Otherwise, there is simply no way to establish a ratio for opening positions, let alone position management. So in copy trading:
1. Below 100u, losses 2. Following 10u, 7u, a small fluctuation caused a blowout
In Binance chat, private message me to cover losses and exit copy trading; such small copy trades cannot be carried. A minimum copy trading amount is required to implement ratio copy trading.
$BTC Supplement Update: 85300-85600 is the defensive line firmly held by the bulls, and it is the key protective position in this trend of raising highs and lows (ascending wedge). A significant drop below may lead to a low point below 80,000. Maintaining the structure gives a chance to reach above 96,000 or even 100,000 this month.
🌕 Support levels below:
Around 88084 Around 85303 (if it breaks again, be wary of the possibility of dropping below 80,000) Around 83507 Around 78535
$BTC The acceleration zone is indeed exciting, up and down, back and forth.
🌕 According to the posted limit order location, I took an aggressive mid-line long position near 88084, just got in at the lowest spike of 88056. Take a bite of the rebound and run, or break even. The bottom line is to break even; absolutely cannot turn a profit into a loss.
$ETH Short positions should preferably not be entered near 3070-3088. This morning, a short-term long position was used once during the live broadcast. The hourly level is in a pullback trend, and the upper blue line is a 4-hour descending trend line resistance (coming down from the high point of 4754 on October 7).
The first attempt for a short long position can be around 2970-2983. Below that is the acceleration zone, and it will only accelerate if it breaks down with volume. There is no need to hold positions in the short term; a stop loss of 2946-2940 is sufficient.
Further down, the mid-term spot and contract long positions can be entered in batches as shown in the picture. The expectation of interest rate cuts will linger until December 10, and unless there is a deep crash, the pullback below still presents an opportunity for long positions, with hopes of reaching 3270-3360 above.
$BTC The acceleration zone is indeed exciting, up and down, back and forth.
🌕 According to the posted limit order location, I took an aggressive mid-line long position near 88084, just got in at the lowest spike of 88056. Take a bite of the rebound and run, or break even. The bottom line is to break even; absolutely cannot turn a profit into a loss.
$BTC Successfully reached the short-term target, as expected. The position at 85303 was fully taken for profit or defensive measures the day before yesterday. Whether we can hold for a medium-term view above 96000 depends on personal choice. However, it is absolutely not allowed to incur floating losses.
🌕 Bitcoin has currently rebounded to the sideways fluctuation range from last weekend, and I still do not recommend trading in this fluctuation range. (93155-90121)
🔥 Breaking below 90000 still has the possibility of accelerating downward.
🌕 Going long after breaking the fluctuation range (applicable for spot trading) at the following positions:
Around 88084 (aggressive medium-term long position) Around 85303 (conservative medium-term long position) Around 83507 (medium-term long position add-on) Around 78535 (slightly lower possibility, medium-term long position lottery pin add-on)
Position should be closed according to the final average price with a stop loss of 800-1000 points.
$ETH Short positions should preferably not be entered near 3070-3088. This morning, a short-term long position was used once during the live broadcast. The hourly level is in a pullback trend, and the upper blue line is a 4-hour descending trend line resistance (coming down from the high point of 4754 on October 7).
The first attempt for a short long position can be around 2970-2983. Below that is the acceleration zone, and it will only accelerate if it breaks down with volume. There is no need to hold positions in the short term; a stop loss of 2946-2940 is sufficient.
Further down, the mid-term spot and contract long positions can be entered in batches as shown in the picture. The expectation of interest rate cuts will linger until December 10, and unless there is a deep crash, the pullback below still presents an opportunity for long positions, with hopes of reaching 3270-3360 above.
$ETH Successfully reached the short-term target, as expected. The first position at 2772 was also fully taken for profit or defensive measures. Whether it can be held for the medium term to see 3200-3500 depends entirely on the individual. However, it is absolutely not allowed to incur floating losses.
🌞 Currently back to last weekend's sideways fluctuation range, still not recommended to trade, as the space is too small. (2983-3073)
🔴 If the entity breaks below 2980 with increased volume, there will still be an accelerated downward trend.
🌕 Break below the fluctuation range to go long (applicable for spot trading) positions:
Around 2843 (aggressive position for medium-term long) Around 2772 (conservative position for medium-term long) Around 2703 (adding position for medium-term long) Around 2650 (lottery-style adding position for medium-term long)
🔥 Limit orders can use a pyramid-style approach, increasing position size as you go lower, for example, 1:2:4
Once the position is filled, set a stop loss of 50-70 points based on the final average price