Around 11 AM.
Don't rush to enter long positions during a downtrend.
1. Wait for the speed of decline to slow down.
2. Wait for volume to increase.
3. And it should be near key levels.
Generally speaking, the market hasn't stabilized yet, just take a short position and exit at the previous low resistance level.
After a rapid decline, the first wave of rebound is often followed by a second wave of decline; the same goes for the rise (and indeed the subsequent market behaved this way).
So it’s best to take a wave and then exit; there will be another opportunity to enter later. If Ethereum drops to 32 with volume, and rebounds to around 55, you can exit. If it drops back to 32 again and holds, this position can be re-entered.
The big pie below is pretty much the same.
Longed at the big pie 116800 in the first chart, took a wave up to 117500.
Subsequently, if it continues to decline to 116300, this rebound is relatively strong; you can hold your position to the resistance level of 117800.
By the evening.
In an uptrend market.
1. You also need to wait for volume to increase before shorting.
2. Generally, fluctuations are faster in the evening; you must enter and exit quickly.
The food that goes into your mouth is the real food; just keep some base positions and set a breakeven stop loss.
3. Also wait for key levels to short; you can short at several key levels.
4. It’s best to wait for key levels on a larger timeframe (1 hour, 4 hours).
There may be some inaccuracies; I will continue to learn and improve my trading system.
Keep it up.
#交易策略误区 #My name is Little Cat.
