I am really disgusted by this coin, I feel like throwing up. I make profits with almost all my other coins, I arbitrage in the range with alch, I profit from both shorting and longing $PNUT, but I've been losing consistently with this coin mubarak.
When dealing with altcoins, you should not fixate on just one type of coin, as it can easily lead to rigid thinking. The biggest characteristic of altcoins is their high volatility. If you make a profit on a long position, many people will continue to enter long positions, but the market trend can change easily within an hour. Use the hourly chart to observe the trend, and the 15-minute chart to determine entry points and take profit levels. Avoid the 3-minute chart, as it really has little reference value. Keep your take profit and stop loss levels as small as possible. With so many altcoins available, high volatility indicates larger fluctuations in the range, and a strategy of small profits with high sales can also be very comfortable.
Every time there is a significant fluctuation, a period of consolidation is needed. This is actually very suitable for range arbitrage. It is a real emotional consolidation, jumping back and forth within a price difference of 500-1000. My suggestion is to liquidate and compound, and feel the market.
The direction was correct, but when facing losses, I panicked and closed my position. Later, the price moved in the direction I originally expected. This feeling is the most painful. At this moment, I really want to enter the market again, but entering would lead to further losses. It's better to just take a break and not look at anything, to maintain my resolve🥹
The price of bnb can be related to the recent mubarak. A large part of the reason for the rise in bnb is because of it. Its price has dropped, so bnb naturally will not continue to rise against the trend. Then how to look at the primary price of meme, which is mubarak, actually it's good to pay more attention to whether the public opinion is good or bad. In this purely primary meme market, the K-line has little reference significance. Sol is still continuously not optimistic, it has been severely overdrawn. I mentioned a month ago that the primary meme would be swallowed by bnb in the market. The liquidity for playing the primary is just that much money. I haven't updated for several days, I've been moving recently.😘 #BNBChainMeme热潮
Simple secondary trading, if you don't go back and analyze your losses yourself, listening to those courses has no effect at all. Use a small position to feel the market; the more money you lose, the more you can learn. Asking those big shots every day, even if they tell you something, it's still hard for you to understand. It's better to understand the market more on your own and analyze your trades. A few words from your analysis can be very effective.
The rsi (6) indicator is actually quite useful for short-term trading, I find macd to be less effective than rsi, at most just looking at golden crosses and dead crosses, personally I use macd to reference rsi.
The positive news from the message cannot significantly affect the rebound because we have already absorbed a lot of good news. The impact from negative news is greater. When it breaks the daily new low, we can consider placing a small number of long positions, but it must be a small amount. We do not know when a larger negative news will appear. None of us can catch the price at the new low. When trading against the trend, do not use the entire position, and definitely set a stop loss.
I still say that the most notable feature of BTC currently is that further advances often lead to significant retreats. Whenever there is negative news, a sharp drop will occur. Don't always fantasize about profiting from both sides. A decline inevitably brings large fluctuations, and high leverage can easily lead to losses. Being able to profit from either a short or a long position is already quite good. The more we are in this situation, the more we need to be cautious.
BTC is indeed a bit of a dog, while other coins are rebounding, it keeps bouncing, the overbought signal remains so high, the bulls really don't give up🤣
In the spot market, no one can consistently sell at the highest point, and no one can consistently buy at the lowest point. In the futures market, when facing the issue of holding positions, do not have too much psychological pressure; no one can always enter long positions at the lowest point or short positions at the highest point. The volatility is severe, and regardless of being long or short, one must accept the fact of holding positions. Learning to enter positions with divided capital is the only way to face holding positions. When facing psychological stop-loss levels, one should not confront losses that one cannot accept. Additionally, do not go against the trend; follow the trend, switch between long and short positions, and using low leverage is to allow for greater margin of error.
You continue to promote cool mats, promote interest rate cuts and high leverage to get rich. If there are really fools who go to open high-leverage positions, nine and a half out of ten will be liquidated to zero.