Today I united my knowledge and action. When I woke up early, I saw the decline of CFX. Considering the fluctuation of the market, I directly opened a short order on CFX.

Later, the position was closed at 0.385. Some fans saw my order and said that this order can be held for a long time. I will answer my logic of opening and closing the position in detail here. The reason why I chose this price is because the 4-hour 99-day support and the daily 25-day support coincide at this position. In addition, I expect the market to still fluctuate. If it can continue to fluctuate, it will definitely be able to fluctuate back, so CFX’s The decline must be volatile. After it has fallen so much, if the market goes back up again, there is a high probability that CFX will rebound. The position I opened is not high, and it is not suitable to hold this order for a long time. So when the rebound goes up, I will operate more steadily, #BTC #cfx #香港web3嘉年华