Black GodBit
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Tonight's market is bound to be significant. When SOL was around 200, I mentioned in the live stream that it would adjust to the 150-160 range. The reason is that it had risen too much before and needs a long period of consolidation. From the high of 300 to the current 160 is nearly a halving pullback. We haven't traded it before, but now is an opportunity. Let's start with a position at 164, and then we can buy in three layers at 155.
For those wanting to enter long positions, please check BTC tonight around midnight to see if there's a rapid decline. If there is a sharp drop followed by a rebound, you can enter directly at market price. After a long period of sideways movement in the box, there will be a breakout. Now, pay attention to the 92800 level. If it closes with a wick at this level and then returns to the 95000 to 98000 range, you can enter long. If there's no wick, don't easily open a long position. When we bottom-fish, we should first use spot positions and try to avoid using high-leverage contracts. If you want to use contracts for bottom fishing, you must use 10x leverage with one layer, and it must be in isolated margin mode! Be sure to control your positions well.
Last night, during the live stream, we shorted ETH at 2840, and the current price is 2660, resulting in a drop of more than 6 points. You can take profit on the short and then wait for 11 PM when I share the entry points for long positions during the live stream in the square... including whether to use coin-based margin or a series of entry points!
For those wanting to enter long positions, please check BTC tonight around midnight to see if there's a rapid decline. If there is a sharp drop followed by a rebound, you can enter directly at market price. After a long period of sideways movement in the box, there will be a breakout. Now, pay attention to the 92800 level. If it closes with a wick at this level and then returns to the 95000 to 98000 range, you can enter long. If there's no wick, don't easily open a long position. When we bottom-fish, we should first use spot positions and try to avoid using high-leverage contracts. If you want to use contracts for bottom fishing, you must use 10x leverage with one layer, and it must be in isolated margin mode! Be sure to control your positions well.
Last night, during the live stream, we shorted ETH at 2840, and the current price is 2660, resulting in a drop of more than 6 points. You can take profit on the short and then wait for 11 PM when I share the entry points for long positions during the live stream in the square... including whether to use coin-based margin or a series of entry points!
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