In the past couple of days, due to the streaming in the square, many of the followers might be beginners or early-stage traders. The most common comments seen in the square are about how much to set the stop loss? How much loss? Should I cut losses? Generally speaking, when trading futures, it is absolutely necessary to set a stop loss❗️
However, since everyone's position and leverage are different, the stop loss level needs to be managed personally. For example, in yesterday's market, I opened a short position at 106500 with 100x leverage and a position size of 5%. A drop or rise of 1000 points is about one times, roughly 100% or -100%. Therefore, I might set my stop loss at 108200, leaving a 1700 point stop loss, with a target looking at 102600, which is nearly four thousand points. With a basic position of 5%, the stop loss here is roughly 8%, and the take profit is between 15-20%. This way, the risk-reward ratio is also very high. However, from what I understand, many partners trade with half or full positions. If you enter like this, you are essentially going all-in, which is not considered trading. So, does my stop loss of 108200 seem applicable to you? Obviously, it is not suitable. If you open a half position with 100x leverage, and it floats to the stop loss level, you would lose 80% of your total position. Can you still achieve consistency in your actions to stop losses? Therefore, I have always advocated not to over-leverage, give yourself more trading opportunities, and keep some funds for recovery.
Fans: Wei Ge, can Ethereum still be traded after the sharp drop❓
So here comes my viewpoint. Firstly, we can see that there are only two places marked in the chart for oscillating around the center, and it's quite obvious when entering and exiting the positions. Many KOLs are creating market panic, but it's just to gain traffic. They present some adjacent viewpoints and absolute viewpoints, like saying Bitcoin must reach 9 tonight, or this week it must reach 9, which leads to comments and complaints from some people, and they start creating this traffic. As a KOL in the square, I really dislike this behavior because the square is meant for us to explore and analyze the market. Old fans know that there are no absolute indicators or information; I never speak in absolutes. I always analyze first, whether it's from indicators, naked K, Fibonacci, or Vegas, and then provide a suggested position that we can act on. So, I really appreciate the support from you brothers; without your support, we wouldn't be able to keep updating.
Back to the market, the last lowest point was on June 6, where it hit 2382, and then yesterday's lowest point was 2363. If this level can hold, it can form a support level, indicating that the selling has stopped, and the market makers are observing the market panic to see if retail investors are dumping their assets. Currently, the Vegas indicators for 15 minutes, 1 hour, and 4 hours are still at 2455, 2510, and 2520. Additionally, the MACD bearish signal has shifted from real to needing a reversal. So, is this direction worth betting on a rebound?
Suggest to go long at 2378~2408 First target 2448-2470 Second target 2510-2540 Pattern position 2600$ETH
🎈The second take profit was directly pierced at 148-142 even 140 8 points of profit first stuffed into the bag
This wave will not rest until the dog dealer is turned into a top, so are the family members ready to whip the dog? If the whip and bullets are not ready, then you will ultimately be a step behind❗$SOL
🎈You ask me if I'm stable, I remain silent Go and talk to the fans about the profits
148.7 precise entry, automatic take profit, directly targeting the dog's lair. How will you respond to this wave? No matter if you are a wolf in sheep's clothing or a sheep in wolf's clothing, you cannot escape my sharp eyes. We have already reached the first take profit, securing a 4-point profit. Family members who love the pattern, pull up the capital protection, then how much you want to earn is up to you $SOL
🎈 About the cap, there are still some sayings from Wuxian
148.7 precise entry has currently secured profits on two points, with a slight rise in the US stock market opening. Based on your position, either secure your capital or take profits.
We have set this order to short. If you don't understand the market and can't see the direction of the order, then I think it's worth following me a bit 😁$SOL
🎈Ethereum has been fluctuating for two to three days at 2496-2550
Finally reached the first take-profit level, family members present can take half of the profits, set the remaining to break-even stop, and continue to look at the second target
Now that we have some experience in whipping the market makers, we need to keep whipping like a spinning top; if we slow down even a little, it will stop spinning $ETH
Pulling up the 4-hour K, the ascending trend line has been tightly wrapped around the bottom, and it hasn't even broken the 140 position, which means that under this strong support, a wave of upward trend has begun. Therefore, we are not entering long positions at the bottom because we have laid out big coins and BNB. We will do swing trading near the 150 position 🈳
It is recommended to short between 148.2-150, with additional positions pending in the comments section.