Recently, many brothers have contacted me, saying 'Xi Fei, you have a great grasp of the market trends, how do you do it?' Today, I will explain it simply for my brothers.
Market analysis boils down to looking at two things:
There is a ceiling above called resistance level, and a floor below called support level.
When the price hits the ceiling, it bounces down, and when it hits the floor, it bounces up, it’s that simple!
The ceiling is not just a single layer, let’s take an example:
69500 is the first layer, 69900 is the second layer. When the price reaches 69500, it’s like jumping to touch the height; the first time you might not reach it, but if you can break through this layer, then 69900 is possible.
The floor is the same; 2410 is the first layer, 2383 is the second layer. If it drops to 2410, it might bounce a bit, but if it directly breaks through 2383, then you need to be careful.
The key to trading is to be flexible. If the price breaks through the ceiling, don’t stubbornly hold your short position; if it breaks through the floor, hurry to escape. Position management is the real skill; don’t learn from those fools who go all in; they might make a big profit today, but tomorrow they’ll be wiped out. Playing with 5% of your position at 100 times leverage is much safer than going all in at 5 times leverage. The market has trends every day, but you only have one life; you need to stay alive to see tomorrow’s sun. The path to making money is actually very simple; the hard part is controlling your desire to get rich quickly!
If you want to double your account, if you want to enjoy the big gains, if you want to successfully recoup your losses,
Stay close to Xi Fei and position yourself in advance for the main rising wave of the bull market!
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