Brothers, I've just seriously reviewed the market, and I must clarify this wave of market movement with you! How should we respond to the crash!
🔥【My Crash Scene】
Last Friday, I went all in on a SOL long position at $138, peaked at $139.5 and didn’t run! Clearly saw the 30-minute chart's moving average death cross and should have exited, but I stubbornly held on, and ended up stopping out at $134.7, losing the equivalent of three meals!
(Important note) Even I, an experienced trader, could crash; new traders need to keep their mindset stable!
⚠️【Bloody Lessons】
1. The monthly downtrend has not yet completed! (At least another 1-4 months to grind)
2. Short-term operations must be quick in and out! Take profit when you see it!
3. Don't fantasize that a short-term rebound can reverse the major trend!
📊【Current Market Breakdown】
Bitcoin is currently stuck in a daily downtrend channel:
- The 4-hour chart has formed two downward pivots (like stepping down stairs)
- There is still some distance from the moving average; it's highly likely to hit a new low.
- The key lies in these two positions:
① If there is a sudden crash tonight (aggressive traders can take small positions on the knife catch)
② Bounce near 69,000 (open short positions when there is a 30-minute top divergence)
💸【Survival Guide】
1. Don't be greedy on the short term: take profit at 3%-5% and run, the current market is ruthless.
2. Don't rush on the medium term: at least wait for the daily chart to form a complete bottom pattern (expected to take another month)
3. Keep your hands steady: the recent 30% volatility is lethal for those holding positions!
(Value at the end)
Remember three phrases:
Stop-loss is a lifeline!
Rhythm is more important than technique!
Staying alive is the only chance to recover!
(Let’s discuss your operations in the comments; I'll be here with you watching the market tonight)
⛔️Risk Warning:
This article is only a personal trading record; cryptocurrency is highly volatile, do not follow blindly.
