August 11
WIF/USDT large range trading strategy analysis
Dear cryptocurrency enthusiasts, today we will discuss the large range trading strategy of WIF/USDT!
📊 Current Market Overview:
WIF Price: 1.794
24-hour increase: +1.01%
24-hour trading volume: 46.3817 million WIF / 83.5614 million USDT
🔍 Large range technical analysis:
- Prices fluctuate in a wide range of 1.70-2.10
- The long-term trend is still in the upward channel
- MACD indicator shows that momentum has weakened slightly, but is still in bullish territory
💡 Large range trading strategy:
Long strategy:
- Entry range: 1.65-1.75
- Stop loss: below 1.60
- Target price: First target 2.00, second target 2.20
- Key support levels: 1.70 and 1.65
Short selling strategy:
- Entry range: 2.05-2.15
- Stop loss: above 2.25
- Target price: First target 1.85, second target 1.70
- Key resistance levels: 2.10 and 2.20
🔑 Key points of strategy:
1. Large range trading requires more patience. It is recommended to adopt a strategy of opening and closing positions in batches.
2. Pay close attention to the performance of the two key psychological levels of 2.00 and 1.70.
3. Use changes in trading volume to determine the effectiveness of the breakthrough.
⚠️ Risk Warning:
Although trading in a large range may bring higher returns, it also comes with greater risks. Please be sure to do a good job of risk management and set a reasonable stop loss. Do not let the loss of a single transaction exceed 2% of the total funds.
What do you think of this large interval analysis? Feel free to share your thoughts in the comments section! If you find it helpful, don’t forget to like and bookmark it~
Remember, the above analysis is for reference only and does not constitute investment advice. The crypto market is high risk and investment should be cautious. I wish you all happy trading and full profits!