Trading Insight_DN
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🔥 If you ask whether BTC will break again, I really don't know, everyone. The sweep last night was quite a mess for both traders and holders.
But if we consider the daily frame, the range of the tail sweep is not enough, it has happened, and after several rounds, the liquidity is almost depleted. The candle's tail +-2% should reach around 107.xxx according to my calculations, not just 108.x.
At this time, no one wants it to break further; if it sweeps below that, then we can add more. However, if it breaks 105, that’s when it really goes down the drain.
However, during the recent time, many people have gotten used to the scenario where BTC fluctuates between 2-3000, decreasing and then bouncing back. So they keep diving into Long positions without caution, only to end up with nothing. That’s why I always remind everyone to set proper SL and to avoid leaving orders or moving SL.
Currently, for Limit orders, I am taking some profits on ETH while reducing volume and earning profits, while still prioritizing holding BTC when it's green, not taking risks. It’s better to consolidate or go back up to 112.
🔹 Expecting something is one thing, but the price moving back is another. Those following can also see why I waited so long, just to find a good and safe entry point. Many newcomers may not know, but those who have been around for a while should understand that the market always finds a way and has phases of setting traps and nets to catch a few “bloodletting” for the market to attract new capital into the market.
As for what you think about the current situation... I hope it recovers soon. Partly because of the BTC Long position and more importantly, the Altcoins that I just gathered. It would be really painful if it drops further :)))
But if we consider the daily frame, the range of the tail sweep is not enough, it has happened, and after several rounds, the liquidity is almost depleted. The candle's tail +-2% should reach around 107.xxx according to my calculations, not just 108.x.
At this time, no one wants it to break further; if it sweeps below that, then we can add more. However, if it breaks 105, that’s when it really goes down the drain.
However, during the recent time, many people have gotten used to the scenario where BTC fluctuates between 2-3000, decreasing and then bouncing back. So they keep diving into Long positions without caution, only to end up with nothing. That’s why I always remind everyone to set proper SL and to avoid leaving orders or moving SL.
Currently, for Limit orders, I am taking some profits on ETH while reducing volume and earning profits, while still prioritizing holding BTC when it's green, not taking risks. It’s better to consolidate or go back up to 112.
🔹 Expecting something is one thing, but the price moving back is another. Those following can also see why I waited so long, just to find a good and safe entry point. Many newcomers may not know, but those who have been around for a while should understand that the market always finds a way and has phases of setting traps and nets to catch a few “bloodletting” for the market to attract new capital into the market.
As for what you think about the current situation... I hope it recovers soon. Partly because of the BTC Long position and more importantly, the Altcoins that I just gathered. It would be really painful if it drops further :)))
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SOL
204.68
+3.83%
ETH
4,544.61
-1.08%
