Today waking up late, opening notifications, I see a lot of people asking if Long is possible or if Short is possible. 300 Binance notifications, 40 messages asking for permission to not reply.
All the teachers predict the market will definitely drop below 110k
downtrend is here and all that.
What to do now, should we run or not?
Panic is in full swing, typical FOMO psychology, fear, cutting losses, then FOMO again. The loop never closes and the account will always be in the red.
For those holding spot, just hold on, guys, reading a lot and looking at many charts has no meaning.
It drops so you fear selling, then it goes up again.
As for trading futures, the nature of futures is using leverage and betting with a short stop loss to achieve a long take profit.
Hoping for 1-3% of the account every day is what I’ve been saying.
If you can accept that, then go for it.
The market will not drop sharply at least until September 17 when the Fed announces INTEREST RATE CUT.
M2 money is being pumped out very strongly, if you do not understand the rules of the game and how to play crypto, using your little experience to make two-sided judgments, using your ego and greed to make decisions, you will always incur losses.
The important thing now is to look at the macro perspective.
BUY RUMORS => SELL NEWS.
What are today’s rumors, when will the news come out?
Answer that question.
For those of you who have just been playing for 3-5 years, you haven’t reached that level yet.
You may touch on it, but I want to make it clear on my page, don’t comment pretending to know and teach, I have no desire to learn from you. If you don’t like my opinions, you can block me.
I’m here for those who need me.
A suggestion for you is that there is news about Doge today :)
You might only know tomorrow or the day after, if you knew early, you could have earned 20-50% without leverage.
In the morning, I blocked a few people, so I’m a bit uncomfortable, please understand.