Cryptocurrency News
May 20 Highlights:
1. Crypto lending institution Genesis sues parent company DCG to recover $1 billion transferred before bankruptcy.
2. Katherine Reilly appointed as Acting Inspector General of the U.S. Securities and Exchange Commission.
3. Anza proposes Alpenglow, a significant upgrade to the Solana core protocol.
4. Bitcoin Cash annual upgrade optimizes virtual machine limitations, introducing high-precision arithmetic operations.
5. Dough Finance hack incident remains uncompensated, founder profits $65 million from new project.
Trading Insights
After years in the cryptocurrency space, I've summarized a few tips to prevent being taken advantage of in contracts, which I believe can help you if you're currently trading contracts!
Recognize the Nature of Risk
Cryptocurrency contracts can fluctuate beyond imagination; under extreme conditions, principal amounts can vanish instantly. Before investing, be clear about your risk tolerance and never use funds you can't afford to lose.Avoid Blind Entry
Contract trading is not about luck! Master core knowledge such as candlestick analysis, leverage principles, and position management, and refuse to follow the crowd in chasing highs and lows.Use Leverage Cautiously
High leverage is a "double-edged sword." Beginners are advised to start with low leverage of 1-5 times and cautiously increase it as experience grows to avoid an imbalance between profit and risk.Strictly Adhere to Stop-Loss Limits
Set stop-loss levels in advance and strictly enforce them; do not hold onto positions due to a sense of luck. Stop-loss is a lifeline and is more important than predicting market trends.Allocate Funds Wisely
Avoid "all in" on a single contract or cryptocurrency; diversify holdings to reduce risk. Also, minimize frequent trading to prevent fees from eroding profits.Maintain Rational Decision-Making
Extreme price fluctuations can trigger emotional loss of control; whether in euphoric gains or anxious losses, both can lead to poor decision-making. Stay calm during trading and use strategy instead of impulse.Build a Strong Safety Barrier
Stay away from unregulated platforms, "expert" trading traps, and Ponzi schemes. Choose compliant exchanges, securely store private keys, and guard against asset theft.Define Your Investment Role
Contract trading is a high-risk gamble; do not view it as a wealth secret. It is advisable to focus on stable investments, using contracts only as a supplementary strategy while controlling the proportion of funds allocated.
Remember: In the contract market, surviving is more important than making quick money. Rational restraint is key to long-term stability.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, you can come and test the waters.
Data is real, and each trade has a screenshot from when it was sent out.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily chart showed a low of around 102,000 yesterday and a high of around 107,150, closing near 105,500. The support level is near the MA7 moving average; if broken, it could drop to the MA14 level. A pullback can be used to buy near this level. The resistance level is around 108,250; if broken, it could reach new highs. The MACD is oscillating and flattening, with the two lines converging. The four-hour chart shows support near the MA14; if broken, it could drop to the MA30 level. A pullback can be used to buy near this level. The MACD shows increasing bullish momentum, forming a golden cross.
ETH
Analysis
Ethereum's daily chart showed a rise from a low of around 2,345 to a high of around 2,545 yesterday, closing near 2,525. The support level is near the MA14; if broken, it could drop to around 2,345. A pullback can be used to buy near this level. The resistance level is around 2,615; if broken, it could reach the MA200 level. A rebound to this level can be used to buy. The MACD shows decreasing bullish momentum and signs of forming a death cross. The four-hour chart shows support near the MA30; if broken, it could drop to the MA14 level. A pullback can be used to buy near this level. The MACD shows increasing bullish momentum, forming a golden cross.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag; if you have any questions, feel free to consult.
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