Why does the market go against you as soon as you open a position, why does it drop when you buy and rise when you sell? This is one of the most frustrating things for many fans.
That's because you bought at the wrong position. There are many factors involved when opening a position, for example, during a market rally, you first need to determine whether the asset you are buying is the strongest performer at that time. If you are chasing the uptrend and buying the strongest asset, then you might still make some money. However, if during that uptrend, you buy something merely following the trend, then in this case, if you are chasing the rise, it’s possible that as soon as you buy, it drops. Strong assets may have a slight pullback and then immediately rise again, but weak assets may pull back and never recover. Of course, this also depends on whether you are choosing a short cycle or a long cycle. The key is whether the trend is valid and whether the turning point is valid.
Just like today, at the high of 3337 points, we are still bullish on Ethereum because a series of positive news has come in.
Today’s focus: bome, tko, bonk, wif, trump, link, apt