The current market situation is increasingly similar to the eve of the 2021 crash. Another landmark event is about to take place, just like the presidential inauguration in 2024, similar to the Coinbase initial public offering (IPO) in 2021. Some specific altcoin markets are in chaos, and the Trump coin in 2024 is exactly the same as the various air coins (dogs) in 2021. Market sentiment is extremely high, and a series of out-of-circle events continue to occur, attracting a lot of attention and capital inflows. At this time, it is important to pay attention to risk control. The key to investment is not how much profit you have made on the current account, but how much profit you have successfully achieved. It is definitely a wise move to put profits in your pocket in a timely manner. After all, every time the market is crazy, it often leaves a mess, and history always repeats itself.
In the cryptocurrency world, what is your biggest risk? It’s not the plummeting prices, not hacker attacks, and not regulatory crackdowns or black swan events! The real biggest risk is: you don’t know what you are doing. Often, the risks you can see are not the biggest risks: Newcomers or inexperienced investors in the crypto space usually consider the biggest risks to be: "The project team running away" "Sudden policy changes" "Platform crashes or being hacked" "Price crashes causing panic selling" "FUD storms leading to loss of confidence" These are certainly risks, but they are not the "core risks"; they are merely "external events". What is truly deadly is often endogenous—cognitive risk, behavioral risk, and psychological risk. To put it bluntly: your biggest risk is "you don’t know what you are doing".
DOGE continues to decline and shows weak performance, previously exacerbated by the public feud between Musk and Trump.
As the impact of the event gradually dissipates, the daily chart shows signs of a bottoming: although it has only formed a bat harmonic pattern with a retracement of 0.681, it has touched the support of the rising trend line, suggesting a potential buy signal.
Trading strategy: Long position: Enter at market price, stop loss: 0.166 Take profit targets: around 0.187, 0.204
Today, a whale spent 100 million dollars to buy #Ethereum. Currently, influenced by the conflict between Iran and Israel, the price of ETH has declined in the past two days, yet even so, there are still large whales decisively buying the dip. This action indicates that many investors in the market remain optimistic about the market conditions in the second half of the year, believing in the subsequent development of Ethereum and considering it to have significant upward potential.
From historical data, July is a month with relatively high annual return rates for Bitcoin, second only to February and October. This seasonal characteristic indicates that there is a possibility for Bitcoin to refresh its price and hit historical highs in July. $BTC
It is expected that Bitcoin will have difficulty seeing significant movement in the near term, likely fluctuating in the range of $100,000 to $110,000. Short-term operations can involve buying low and selling high; those lacking experience are advised to observe.
Subsequent strategies focus on two ends: chasing gains after breaking previous highs or buying low after a pullback, without participating in the intermediate price levels. $BTC
The previously concerning false breakout of #NXPC has indeed come true, and the price has suddenly plummeted. The market had previously bet heavily on rumors of Tencent's acquisition, and as soon as the rumors were refuted, it triggered selling pressure, highlighting the importance of discerning the authenticity of information in trading.
After not paying attention to NXPC for several days, I found that the small level has recently reached the pressure line near the recent high point. This position is a key resistance level, and a breakout would open up upward space. Currently, the short-term rebound momentum is strong, but we need to be cautious of the risk of a false breakout. The current spot positions held are still in a halved state.
I. What is the Low Buy Strategy The core of the Low Buy Strategy lies in "buying on dips". When the price of cryptocurrencies drops significantly, seize the opportunity of "price discounts" to build positions at lower costs, waiting for price rebounds to profit.
II. The Underlying Logic of Low Buy Profits 1. Natural Rebound Law The market has self-repairing capabilities; after excessive price declines, there is a high probability of recovery. 2. Anti-Human Action Advantage Avoid blind trading of chasing highs and cutting losses, reducing the risk of being stuck at high positions. 3. Main Capital Preference Institutions often build positions in batches at low prices, driving subsequent upward trends.
III. Three Steps to Low Buy Practice 1. Carefully Select Quality Targets Prioritize mainstream coins with stable market capitalization and mature ecosystems. 2. Accurately Wait for Buying Points Wait for the target coin to decline by more than 30%, confirming a "deep discount" before acting. 3. Scientifically Build Positions in Batches The initial position should not exceed 1% of total funds; subsequently, increase the position gradually every 5% decline, strictly controlling position risk.
IV. Low Buy Pitfall Avoidance Guide 1. Be Cautious of Plummeting Coins Stay away from tokens that have consecutive limit downs or are plagued by negativity to avoid potential explosive risks. 2. Diversified Investment Strategy Avoid heavy investments in a single coin; diversify risks through multi-coin allocation. 3. Strict Stop-Loss Discipline Set stop-loss lines to cut losses in a timely manner, ensuring the safety of the principal.
After a significant pullback, it is usually accompanied by a rebound market, at which point the cost-effectiveness of going long is better than chasing a short. From the analysis of the technical pattern at the 1-hour level, the initial rebound momentum after this round of decline is limited. After the price touches the small resistance line above, it is highly likely to retrace. The anticipated entry point for going long is in the range of 103000-103400.
This range conforms to the characteristics of a secondary bottoming at the 1-hour level and is a typical position for a small investment expecting a large return:
Stop loss setting: exit if the recent low point is breached Target price: Fibonacci 1.618 retracement line corresponds to around 105800
Using a stop loss of hundreds of points to aim for thousands of points in profit space, the risk-reward ratio is significantly advantageous.
The giant whale has just bottomed out 4,521 pieces of #Ethereum at a price of 2,593 dollars, worth 11.7 million dollars, currently in a floating loss state. In the recent market, every time there is a decline, the giant whale buys the spot.
SOL has shown a false breakdown signal and is expected to rebound, with a clear advantage in risk-reward ratio that can be attempted for positioning:
Establish a 50% position at the current price, set a stop-loss level at 140 USD for an additional buy at 141 USD, and the first take-profit target is 150 USD $SOL
The position of support and resistance exchange is around: 107000 This should be a very strong support position When it retraces to around 107000, we will enter long positions directly The current trend clearly hasn't finished rising yet.
Years in the crypto world, I have gained a few insights from the bits and pieces of trading, and I would like to share them with everyone! The market measures fairness, does not punish mistakes, but forces awakening through repeated lessons. The essence of trading is a practice of cognition and discipline, with core logic hidden in simple rules!
1. Abandon the fantasy of the Holy Grail, return to the essence of the rules ① The profit code is never hidden in secret classics or from masters, but in the four clear elements: trend direction, support and resistance, money management, and rule execution. ② There are no shortcuts to success; doing simple rules to the extreme is the starting point of compound interest.
2. Give up the obsession with prediction, focus on rule execution ① Those who guess market rises and falls will ultimately be harvested by the market; the core of trading is response rather than prediction. ② There is no need to dwell on individual profits and losses; just adhere to the rules, and probabilities will naturally tilt in the long-term execution.
3. Tame human weaknesses: cut losses, amplify profits ① Accepting losses is the entry fee for trading; holding onto losing positions is the deadly poison. ② Profit comes from one correct position rather than hundreds of ineffective trades; let profits run in the trend.
4. Stay away from market noise, be a rational observer ① The more you stare at the market, the more chaotic your mindset becomes; the more cluttered your trading is, the more mistakes you make. ② Skilled traders know how to maintain a safe distance from the market, capturing their own certain trends while waiting.
5. The ultimate state of trading: boredom equals stability ① The daily routine of top traders is monotonous and repetitive: rules remain unchanged, execution is unbiased, emotions are stable. ② Discipline is above all; do not be ecstatically happy over profits, nor shaken by losses; be a mechanical executor of the rules.
6. Survival first principle: living long is more important than earning fast ① Those who face liquidation are not foolish, but die from losing control of risk management. ② Control drawdowns, manage positions well, and always keep yourself at the table; time will amplify the compound interest of right decisions. The market never rewards effort; it only opens dividends to those who awaken to cognition.
The core of making money is not skill, but understanding the essence of cognition and unwavering execution. When you learn to combat human nature and coexist with rules, the market will naturally become your practice ground.
ETH faced pressure after a short-term surge, but the price remains at the upper end of the fluctuation range. Next, pay close attention to the support zone of 2730-2700 USD. If this range holds, the probability of a subsequent rebound is high, and it may be worth considering placing long positions in this range.
Virtual AIXBT COOKIE WLD... Yesterday the secondary market finally had a decent rise for the day However, today BTC has retraced at the previous high of 110,000 But Xiaomei still holds on with diamond hands, this node is very important The next wave of secondary market surge might take off towards a 40% increase The first level on BSC is truly full of conspiracies Moreover, there are currently no good hotspots, and the supply is particularly fast Recently, aside from BSC, I will also research meme tokens on Sol.