SUI was liquidated at 11 PM last night, with the first half closing price at 2.8 and the second half closing price at 3.3, averaging at 3.09.
It seems that small losses and big gains were achieved, but there are still problems.
Subjective trading inevitably leads to predicting market trends.
I have always believed that this is a rebound, not a reversal, so I can't help but guess the peak in my mind. The weekly middle track is the highest price I believe it can reach, and that price point is 3.33. According to past experience, if it is weak, it will peak at 2.9; if it is strong, it will reach 3.5. This is also why I closed the previous position at 2.8.
Clearly, this approach is wrong; it's not a matter of whether the prediction is right or wrong.
Instead, one should completely abandon subjective assumptions. Predictions shouldn't be made; instead, one should carefully observe the upward trajectory, just like this time. SUI has continuously climbed along the hourly line without breaking below it, so after buying, one should stop watching the price and just look at the candlestick chart. No matter how high it rises, as long as it doesn't break below the 1-hour upward trajectory line, one should hold on. And once it breaks below the trajectory line, regardless of the price, one should leave immediately; this is the correct approach.