Let me explain how to play ultra-short-term trading. Those who want to try can practice in the Ant warehouse. Once you master it, the crypto world becomes an ATM! Avoid trading large positions when you are not skilled, or your losses can accumulate quickly. 🙊

Ultra-short-term trading means entering and exiting positions quickly, capturing only a short wave. This 'short' refers to both a brief time frame and brief fluctuations!

For example:

The position of 16 for Trump was the last point where a rapid spike occurred. It just broke a new high and then quickly dropped back below 16, which in terms of chart patterns represents a false breakout, so shorting quickly!

When to take profit? You should take profit at the support levels on the 5-minute or 15-minute charts!

Is it possible that this could be a mid-term top that will drop back to a deeper position? It is possible, but that would mean you need to hold for a longer time, enduring many fluctuations in between, which contradicts your initial trading intent! The starting point is to do short-term trading; how did it turn into long-term trading?

Advantages and disadvantages of short-term trading:

The advantage is that there are many opportunities, and you can take multiple long positions! Earnings accumulate, and there's the excitement of trading! An endless stream of opportunities!

The disadvantage is that there is a lot of uncertainty. If you make a mistake, you must stop losses in time and keep a close watch on the market! It requires a deep understanding of market trends and candlestick patterns, quick reactions, fast execution, and strict discipline! If you can't do this, then it's not recommended to engage in short-term trading!