The convergence triangle of $XRP seems to have reached the first target level, now reversing, in a pullback, waiting for the possibility of finding the second target level in the follow-up.
$XRP just saw on Twitter an hour before the drop, XRP celebrated bullish, and the comments section was full of positive sentiment. As a result, it broke the converging triangle in the blink of an eye, and now I'm wondering if it was a false breakout of the converging triangle? Or is there an issue with my news sentiment? 😒
The market has reached the last resistance level; breaking it means big profits. If it can't break the resistance level, it will turn into a bullish trend, ready for takeoff🛫 $SOON
0.4 support level is so strong I seek advice from all the experts, will it rise further? Currently, my own analysis suggests it will reach a new high, but I'm not sure if my analysis is correct. $SOON #SOONUSDT
Thanks to a big shot in the crypto world (Tian Chang Meng Duan) for the guidance. This trade made me understand the importance of risk hedging and reverse positions. Originally, I was up 8U on a long position, but during the trade, I noticed a potential reversal in the trend, so I used a reverse position. Although I didn't make that 8U, I caught a much bigger fish. Thank you! Currently, the profit has reached 40U, I've recouped my investment, and I will continue to learn and improve, let’s encourage each other! #MEMEFIU
Adding the previous order, a loss of 8U to recover 5U, now at 12U No stop-loss set, experienced a low leverage position that was liquidated in a short time due to poor timing. Fortunately, each entry amount was 20% of my own capital, not over-leveraged!!! (It seems unable to display multiple trades, so I won't show the losses)
Summary: If the situation is unclear, don't enter the market. If you insist on entering like a gambler, remember to set a stop-loss.
------Second Edition------ Just finished summarizing and then impulsively entered again after waiting for over 1 hour, to observe the trend. Lost back another 3U. Now back to 9U.
20U challenge, currently recharging 15U, current funds 11U Took a day and a half to break even 4U Observed before sleeping that it might rise, woke up to earn 2U less, still within a controllable range
Summary: Observe overall trend on daily line, adjust buying and selling direction based on lines 1-4 Control mindset and avoid being overly greedy
Plan to challenge 20U Currently at a loss of 8U Lessons learned (personal opinion): Every extreme point can be a point of obstruction, observe for a longer duration, slow down your actions When deities fight, the small ones suffer, be cautious with leverage above 10, a shakeout can take you away Reasonably allocate entry funds, set stop-losses reasonably Long timeframes determine trends, short timeframes earn small profits Identify turning points, high leverage can be set, it's best to sell after a long breakthrough #VİNE
the first investment Newbie protection period 5U to get 3U, 5x leverage, can exit 1.5h earlier, spent double the time Felt that vine was showing a downward trend, so exited #VİNE
As a newcomer just entering the field, with 0 trades and no understanding of basic knowledge or professional terms, I seek guidance from all the experts on what avenues are available for me to learn and understand. I hope for your generous advice, thank you.