Cryptocurrency News
Hot Topics on August 9:
1. The SPAC listing plan for Solana treasury company led by Joe McCann has been terminated.
2. Solayer: 50,000 WCT tokens will be allocated to active users in the ecosystem.
3. Aggr News: BlackRock states there are currently no plans to submit XRP or SOL ETFs.
4. Sygnum launches compliant custody and trading services for institutions focused on SUI.
5. PumpFun transfers $5.6 million SOL to a new address to repurchase PUMP and transfers part to the treasury.
Trading Insights
It's the weekend, and there isn't much market activity. Take a moment to recharge. Today, let's discuss how to maintain a risk baseline in contract trading while making trading more organized!
After a stop-loss, take a break; avoid impulsively opening new contracts. Contract trading is inherently about risking a small amount for a larger gain, and losses are normal. If stop-losses are frequently triggered, it’s essential to pause operations, calmly review strategies, and avoid blindly opening contracts out of frustration to prevent further losses.
Abandon the "get rich overnight" mentality; reject the urge for quick profits. Trading is never a shortcut, and it’s crucial to remain calm during losses. Avoid rushing to open contracts to recover losses, and never go all-in; stability is the key to long-term success.
Go with the trend, don’t fight it. Recognize the major trend and do not operate against it in a one-sided market. Once a trend is established, holding against it will only lead to significant losses. It’s wiser to patiently wait for the right opportunity than to stubbornly hold on.
Calculate the risk-reward ratio, aiming for at least 2:1 before entering a trade. Always calculate the risk-reward ratio to ensure potential profits can cover losses (at least 2:1); otherwise, achieving positive returns in the long run will be difficult.
Restrain frequent trading; beginners should not chase "every opportunity." Non-expert traders must strictly control the impulse to open contracts, especially beginners should not attempt to catch every fluctuation—most so-called "opportunities" are actually traps for losses.
Only trade within your knowledge; avoid volatility beyond your analytical ability. Stay within your cognitive boundaries to avoid losses from blindly following trends.
Absolutely do not hold onto losing positions; stop-loss is the last line of defense. Stop-loss is the baseline of trading, and beginners must strictly enforce it. Holding onto losing positions is the beginning of falling into a deep loss; always remain vigilant.
Don’t get carried away when profitable; success often precedes losses. After making a profit, maintain rationality; getting carried away can lead to operational mistakes. Protecting profits is more crucial than making additional gains.
The above points always revolve around "risk control" and "psychological management." By adhering to these baselines, you can trade contracts more steadily and further!
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.
The 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 drop from around 117,600 to a low of about 115,850 yesterday, closing around 116,650. The support level is near 115,000; if broken, it could drop to around 113,350. A pullback can be used to buy near this level. The resistance level is around 118,650; if broken, it could rise to around 119,800. A rebound near this level can be used to sell. MACD shows a decrease in bearish momentum. The four-hour chart shows support near 115,700; if broken, it could drop to around 114,750. A pullback can be used to buy near this level. The resistance level is around 117,500; if broken, it could rise to around 118,350. A rebound near this level can be used to sell. MACD shows an increase in bullish momentum.
ETH
Analysis
Ethereum's daily chart showed an increase from a low of around 3,875 to a high of about 4,075 yesterday, closing around 4,010. The support level is near 4,000; if broken, it could drop to around 3,875. A pullback can be used to buy near this level. MACD shows a decrease in bearish momentum and signs of a golden cross. The four-hour chart shows support near 4,055; if broken, it could drop to around MA14. A pullback can be used to buy near this level. MACD shows an increase in bullish momentum.
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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