#BTC in the context of a declining market! How should the bulls arrange their long positions?
Yongle offers the following suggestions!
1. Pay attention to false breakouts and observe the support situation below before entering long positions!
2. Strictly set stop-loss orders! This is something Yongle has emphasized multiple times to avoid getting stuck at the peak! (Don't you think it's quite easy to break even on short positions recently?)
3. Don't make the initial position too heavy! Be more cautious at high levels! A light position allows for trial and error!
4. Let go of the bottom-fishing mentality! If you don't buy in at 70,000 or 80,000, are you going to buy in at 100,000? That's a bit high 🥶🥶🥶🥶 Don't be too greedy after making a profit!
Currently, there is a lot of news flying around! A negative news event could cause a drop of several thousand points!
5. Don't think that a small drop means bears are coming, and a rise means bulls are here; if you trade normally, you'll find that the market isn't that hard to navigate!
6. If you don't understand the market, hold back your hands; good entry points are worth waiting for! This week's market fluctuations should be known to everyone? Seize the opportunity to gain two to three thousand points! It's not a big deal! Rushing to open a position often leads to getting stuck halfway up the mountain! Are there any brothers who can relate?
The above is a simple summary of points, hoping to help brothers with their future trading! Don't forget to give a thumbs up after reading! 🤑🤑🤑🤑$BTC