The contract price has fallen from a peak of 146380 points all the way down, with the first wave of decline reaching a low of around 120000 points. After a rebound, it continued to decline. If investors did not participate in the first wave of decline, they could enter a short position during the second wave of decline. If they enter a short position during the second wave, they can determine the first take-profit point of the second wave based on the space of the first wave decline.
The space of the first wave decline is calculated by subtracting the lowest point of the first wave decline (120000 points) from the highest point (146380 points), which is a decrease of 26380 points.
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If the highest point of the second wave of decline is 140000 points, then the lower take-profit point is 140000 points minus 26380 points, which equals 113620 points. This means that if we enter a short position during the second wave of decline, the first take-profit point will be around 113620 points.
In fact, using the AB=CD take-profit method, it is easy to calculate the target points for further declines or rises.
$BTC
