A Key Breakthrough in a Volatile Market - #TradersLeague Practical Thoughts

📈 Previously, the surge of $BNB perfectly confirmed the recent observation of a triangular convergence pattern! The market overall is brewing direction in a narrow range of fluctuations, and this kind of market tests patience the most.

Observation Point: $BNB/USDT repeatedly tests the 580-595 area, with volume continuously shrinking, a typical 'calm before the storm'. Combined with the key support level on the weekly chart, I believe the probability of a breakout upwards is greater.

Decision: When the price first breaks above the psychological barrier of 600 USDT (also the upper Bollinger Band on the 4-hour chart) with significant volume, decisively enter with a small position. Set the stop loss below the low of the breakout candle (around 593), targeting the previous high area of 620.

Risk Control: The current market sentiment is still constrained by macro news, keeping the position controlled within 3% of total funds. If it cannot hold above 605 after the breakout, consider taking partial profits early.

💡 Core Thoughts:

'Waiting for confirmation' is more important than 'predicting tops and bottoms': It’s better to miss out on the initial few dollars of gains than to not see effective breakout signals with volume-price coordination.

Define clear risk points using the range of fluctuations: Narrow fluctuations actually make stop-loss placement more definite.

Go with the trend, but don't be overly greedy: In a volatile market where direction is unclear, moving the stop-loss in a timely manner when there are profits is key to preserving gains.