There is only one Saint in the crypto world, don't panic if you're stuck at 123400! Three tips to help you turn the tables.
Brothers, I am the Great Saint. I’ve seen many fans stuck at the high of 123400, and some even facing liquidation, which doesn't feel good. But don’t rush, there are always opportunities in the market; it all depends on how you operate!
First Tip: Understand the situation and don’t rush to cut losses
Right now, $BTC is fluctuating around 119100, the 30-minute chart shows resistance at 120000 above and the first support at 118500 below. From the liquidation data, the number of liquidations for short positions far exceeds that of long positions, indicating a bearish market sentiment, but there is a short-term rebound demand. Those who are stuck, don’t rush to cut losses; wait for a rebound to around 120000 before making a decision.
Second Tip: Add positions in batches to lower costs
If your position is not heavy, you can add a little at around 118500 with light positions to lower the average price. Remember, adding positions is to average down the cost, not to go all in! Once it rebounds to the range of 121000-122000, you can reduce your position in batches to gradually get out of the loss.
Third Tip: Set stop-loss properly to prevent second damage
Brothers who have faced liquidation need to learn from this lesson and set stop-losses! Currently, there is strong support at 117800 below, and if it breaks, it may continue to drop to 115000. If you haven’t faced liquidation but are stuck, it’s advisable to set a stop-loss at 117500; preserving your principal is key to recovery.
Final Reminder: Market sentiment is unstable, MACD volume is shrinking, and there may continue to be fluctuations in the short term. Don’t be greedy; once you’re out of the loss, just leave. As long as the green hills remain, there’s no fear of not having firewood to burn!
Great Saint's saying: Being stuck isn’t the end; the key is to have a strategy. Follow me, and I will guide you to precise bottom fishing later! #美国7月PPI年率高于预期
