The greatest enemy is the fear within oneself, and the heaviest burden is carrying the expectations of others. Yesterday, a light position long strategy was given, and indeed the pressure was great. The given entry point was fine, but the take-profit level was the issue. There was a rebound and profit, but ultimately it failed to rise. Of course, some friends have also privately messaged me, saying that it's a choppy market, and losses are impossible. Don't cut yourself, it's just a matter of averaging down.
In a choppy market with repeated plate washing, since it's a light position entry, averaging down to break even and reducing the position is necessary. Since the market makers have pulled it to 38,000, the short-term trend is not likely to reverse so easily, and it will continue to be choppy for a while. It's just that the range is quite large, and the trend is too abstract.
From a technical perspective, although the downtrend continues, the daily chart has not engulfed. The overall trend has not changed, and the bulls still have the advantage. Today is Friday, so we should not enter at the midpoint. According to the strategy of closing the week with a bearish candle on the weekly chart, the closing price this week should be below 37,000. So the strategy is simple, just find the range of the choppy market, which is expected to be between 37,000 and 34,700.
Strategy: Long at 35,800, stop loss at 35,300, take profit at 36,500-37,000
Short at 36,800-37,000, stop loss at 37,500, take profit at 36,200
Personal advice, for reference only. In a choppy market, manage profits on your own, as there is currently no one-sided market. In addition, there is a review mechanism for publishing articles, and real-time operations can also be messaged to me.
By Jiangshan, WeChat public account: BTC Analysis Advice, also scan the QR code below to follow me.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。