Strategies for Dealing with Floating Losses After Entering Contracts
I will summarize the various strategies in the live room, for you to choose freely. 1. Stop-loss strategy Wait for the right timing and entry points later, enter with a margin ratio of 0.5-1. Find resistance or support levels and set stop-losses accordingly. This stop-loss point also has its significance; it’s not about setting it based on your mood; otherwise, you are just giving money to others. Losses occur for two reasons: the entry point is not good enough / the direction is directly opposite. This method: will not be trapped, but it does not rely on stop-loss to gain courage and frequently cut losses. This relies on logic for opening positions, with stop-loss as our risk control. So what to rely on for opening positions: cyclicality, weekly/daily/hourly charts. Be clear in your mind about the trend we want to profit from. Don't chase positions or buy high and sell low; losing 80% should be cut.
Last night's movements weren't significant Currently, it’s also in a range-bound fluctuation There is pressure both above and below
Today for BTC Resistance levels: 1053, 1061, 1068 Support levels: 1044, 1038, 1030
In the 1-hour chart, it’s fluctuating within the box It has made attempts to test the highs and lows, but no result In the 2nd chart, it keeps testing the upper limit but doesn't break Additionally, the mid-band pressure from the 4-hour/daily K-line So we focus on short positions The first position for the head position is around 1050-1053 Just ensure to stop loss if it stabilizes at 1060 Profit-taking should be sequentially based on support levels for scaling down/exiting
For those who don't want to trade, you can wait for a clear direction after breaking out of the range-bound fluctuation #BTC $BTC
Recently feeling unwell, not in a good state I am currently trying to get back to normal, won't keep you waiting too long
Today's BTC Resistance levels 1053 1060 1068 Support levels 1042 1038 1026 Look at the image I posted, wedge shape Last night, the 618 discount already broke the lower boundary Before the price can get back into the pattern, there is still a risk of decline However, this does not affect your normal loss-taking trades if you want to go long
Current price 1052, can go long, stop loss 1045, first target 1060 This is a short-long strategy For high short strategy, enter near 1065 Stop loss at 1076 #BTC $BTC
The range trading part is basically the same as yesterday. Buy on the rise at 1053, watch the situation at 1060. If it falls below 1044, we need to exit. At 1049, with volume decreasing, short the position. Watch the situation at 1038, stop loss is also based on the situation at 1060. Also, the short position near 1060 recommended yesterday, stop loss at 1068. There should be some profits taken; this level is also effective today.
The volatility is not large, and the stop losses provided are all key levels, a bit large, so find a good entry point/control position.
When reaching the take profit level, either exit completely or reduce the position to observe. #BTC $BTC
I was still typing and it went up Break above 1038 with volume to go long, stop loss at 1029 Look at the first two resistance levels If you chased in the middle, consider moving the stop loss, don't foolishly set a stop loss of over a thousand points or start with a small position
Short around 1060, short on false breakout If it stabilizes above 1068, stop loss and exit Also, this morning's low at 1026, break below with volume to go short, look at the support level below 1026, stop loss at 1032, but this position should be hard to give
Pay attention to the previous low, the previous low at 1003 is very important This place is also if the daily level forms an M pattern's neckline #BTC $BTC
Key position for BTC is 1068 If you want to observe the fluctuations, look here
Currently operable points in the range Long: Buy when breaking 1080 with volume, first target 1090, if it reaches here, you can reduce your position Stop loss at 1073 Short: Sell when breaking 1075 with volume, first target 1068 Stop loss at 1081 #BTC $BTC
This position is neither up nor down, and a clear direction has not yet been fully provided. Currently, the only option is to trade short-term. Stop-loss is still needed. Moreover, before breaking through the resistance/support level, the stop-loss and profit taken are basically balanced. If you trade, it should be slightly smaller than the previous main position; otherwise, it's not worthwhile.
Short: Break 1092 with volume, watch the situation at 1083. Stop-loss at 1102. Long: Break 1097 with volume, watch the previous high situation. Stop-loss at 1090. You can see that the short-term profit-loss ratio before support/resistance is not particularly favorable. For those who feel itchy if they don't trade for a day, you can give it a try. If you are not trading anything, you can stay in cash and observe. #BTC $BTC
It's not coming down Just make sure to set your stop-loss How is it, brothers? I promise to continue working overtime tomorrow Remember to come play with me, otherwise it will be punches and kicks #BTC $BTC
Following my strategy, 1032 went long and has now made a profit of 600 points The last post is still valid If you don't understand, read it repeatedly Just do it this way Because I need to walk the dog now, I'll be back for the live stream tonight #BTC $BTC