狻猊公子
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Trading Logic Sharing
The morning's SOL breakout was very rapid. I don't like to enter the market when things are moving quickly, so I've been waiting for a pullback. Some might ask why not chase the highs; chasing the highs is logically feasible, but it is relatively aggressive, and I consider myself a more conservative trader.
Due to the rapid movement, I won't wait for a two-phase pullback; as soon as there is a pullback, I plan to enter at the high point of the pullback candlestick. My stop loss is placed below the low point of the pullback candlestick, and my take profit is aimed at 206 since 206 is a price congestion area, so I directly closed the position at 206.
Let me also share the strategy for chasing highs. When chasing highs, it is essential to enter with a small position size because chasing highs involves higher risk. Therefore, starting with a small position allows participation in the market, with the stop loss primarily set at the low point of the preceding consolidation. This way, even if the stop loss is hit with a small position, the loss is not significant. After a breakout and pullback to the upside, you can continue to increase the position size after another pullback. This strategy is relatively challenging; trading following my approach of waiting for a breakout and pullback to enter will be simpler for everyone.
#加密市场回调 #ETH走势分析 $SOL
The morning's SOL breakout was very rapid. I don't like to enter the market when things are moving quickly, so I've been waiting for a pullback. Some might ask why not chase the highs; chasing the highs is logically feasible, but it is relatively aggressive, and I consider myself a more conservative trader.
Due to the rapid movement, I won't wait for a two-phase pullback; as soon as there is a pullback, I plan to enter at the high point of the pullback candlestick. My stop loss is placed below the low point of the pullback candlestick, and my take profit is aimed at 206 since 206 is a price congestion area, so I directly closed the position at 206.
Let me also share the strategy for chasing highs. When chasing highs, it is essential to enter with a small position size because chasing highs involves higher risk. Therefore, starting with a small position allows participation in the market, with the stop loss primarily set at the low point of the preceding consolidation. This way, even if the stop loss is hit with a small position, the loss is not significant. After a breakout and pullback to the upside, you can continue to increase the position size after another pullback. This strategy is relatively challenging; trading following my approach of waiting for a breakout and pullback to enter will be simpler for everyone.
#加密市场回调 #ETH走势分析 $SOL
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