Brother Buiduo's Analysis Thoughts on May 31

1. Summary of yesterday: Yesterday, I advised everyone to add positions at $ETH 2590. Although this widened the liquidation line of this trade, it seems that there was a deviation in yesterday's strategy, and risks have emerged!

2. Although Brother Buiduo still insists that this is a shakeout created by the U.S. stock market, the decline has shown inertia, and we must take self-rescue measures for this position!

3. The self-rescue method: stop-loss and reduce positions based on the 15-minute level or below. If there is a spike or a double bottom, add positions once, with the amount being 20% of the total position. If there is a rebound of 25-30u, reduce positions once, and repeat this process until all are sold! The position addition operation is not allowed to exceed 3 times; otherwise, if a one-sided market occurs, it will be easy to hold onto losing positions! Strive to minimize the losses of this position!

4. Traders should rationally accept drawdowns; Brother Buiduo generally controls his single drawdown to around 20%! Do not hold naive fantasies about the market; it is a survival of the fittest, a forest where the weak are preyed upon by the strong! It is the paradise of the brave and the hell of the cowardly!

5. I won't teach the steps of reducing positions and stop-loss one by one here! For step-by-step guidance, I will provide tips in Brother Buiduo's class notes! $ETH #加密市场回调