May 8th, Thursday Hongding Trading Ideas:
Two words, disgusting! The dog dealer is targeting me specifically, hitting my stop loss directly and then spiking, fortunately, I placed a buy order at 975 breakthrough and made 1500 points, so I guess that makes up for it!
After the stream ended in the early morning, it dropped to around 957 and then started to rise, fluctuating up to around 973, then pulled back to 968 before making another high, once rising to around 995 before pulling back to 986. Currently, it is rising again. Overall, I have said that I am bullish on the market, and since it is no longer consolidating, it will only be one-sided.
The overall trend is still upward. For now, let's patiently wait for a pullback to buy longs. I didn't enter on the first pullback at 986, so let's see if there will be a second chance. The ideal entry range is between 980-985, and for aggressive traders, they can enter at 988 (with a smaller initial position). The target is 100,000-101,000, with a stop loss at 975. Aggressive traders can wait for a pullback to add to their positions!
As for Ethereum, enter at 1880-1890, with a stop loss at 1840, and a target of 1950-2000 will be fine!
See you in the live stream at 9 PM, thank you all for your likes and attention!!! $BTC $ETH