Can you really read support and resistance levels?

Drawing lines relies entirely on intuition: on the same chart, ten people can draw ten different support and resistance lines. Which one is actually effective? It's hard to distinguish between real and false breakouts: you see the price breaking through the resistance level and jump in, only to find it's a false breakout and you get stuck; you see it breaking down through the support level and stop loss, only to have it reverse sharply in a big V pattern. Information overload: candlesticks, moving averages, Bollinger Bands, trading volume... there are too many indicators.

Can you really read support and resistance levels?

2 days ago

0

4966

Liquidation

The recent rapid collapse of the South Korean stock market has made many traditional retail investors, who are accustomed to "holding on," experience the fear of being forcibly liquidated by the system. Many people's principal not only vanished instantly but they even owe huge amounts to financial institutions. What exactly is "liquidation"? Why, after adding leverage, does a small decrease in the market cause all the money to evaporate?

Liquidation

08/01

0

4856

The surge in US Treasury yields hides what terrifying signals?

In the past, whether during the 2008 financial crisis, the 2020 pandemic, or the early stage of the Russia-Ukraine conflict, global capital would flow significantly into U.S. Treasury bonds. The reason is simple: U.S. Treasury bonds have always been regarded as one of the safest assets in the world. When the market is in panic, investors usually choose to "preserve the principal" first, thus buying large amounts of U.S. bonds.

The surge in US Treasury yields hides what terrifying signals?

07/23

0

6883

Core principles of trading: Stop-loss saves lives, take-profit cultivates the mind.

Many people see it simply as a trading tool, a point for buying and selling. In my view, this is not just a simple operational strategy, but a set of rules to constrain one's own trading, which can help one navigate the market in the long term.

Core principles of trading: Stop-loss saves lives, take-profit cultivates the mind.

07/17

0

9850

On the day of Changxin's subscription, "overseas mysterious forces" have already made a premature move on the chain: encirclement or arbitrage?

Since the launch of the CXMT perpetual contract on the Hyperliquid platform on July 15, "smart money" on the chain has been racing to take positions. As of the time of writing, there are a total of 4 CXMT whale positions on the chain with a position value (PV) ≥ 1 million dollars, with a total nominal value reaching 8.182 million dollars.

On the day of Changxin's subscription, "overseas mysterious forces" have already made a premature move on the chain: encirclement or arbitrage?

07/16

0

11314

Binance and OKX take action on the same day! The Wall Street battle officially begins.

This showdown announced the birth of a new normal: from now on, crypto users no longer need to cross complex cross-border financial thresholds; with just one crypto wallet, they can easily configure the most essential technology assets globally with a single click.

Binance and OKX take action on the same day! The Wall Street battle officially begins.

07/15

0

12037

Is the cryptocurrency market getting quieter?

I don’t know when it started, but the familiar circle quietly became quiet, the desolation became the most real backdrop of the moment.

Is the cryptocurrency market getting quieter?

07/06

0

19802

Trump made 1.4 billion dollars by trading cryptocurrencies.

As the U.S. Office of Government Ethics (OGE) declassified the 927-page annual presidential financial report, a financial and constitutional storm triggered by the world's top political IPs was pushed to the forefront.

Trump made 1.4 billion dollars by trading cryptocurrencies.

07/02

0

23391

Popular Science: Entry points are far more crucial than the direction of rise and fall.

The position of opening a position is far more important than judging the direction of rise or fall.

Popular Science: Entry points are far more crucial than the direction of rise and fall.

07/01

0

23377

Apple’s Price Hike, Korea’s Semiconductor Bet, and the Real

Apple just raised prices across much of its product lineup.

Apple’s Price Hike, Korea’s Semiconductor Bet, and the Real

06/30

0

23539

"King of Liquidation" Huang Licheng

In the cryptocurrency market, very few people can have the three labels of "NFT Godfather," "On-chain Giant Whale," and "Liquidation King" like Huang Licheng (Machi Big Brother).

"King of Liquidation" Huang Licheng

06/25

1

31912

The greatest miracle in life is compound interest.

No matter how low the starting point is, as long as the direction is correct and you persist, you can produce amazing explosive power.

The greatest miracle in life is compound interest.

06/23

0

28152

Greed is the culprit that makes you give back your profits—how to satisfy this monster?

Trading is a marathon, not a sprint. In this prolonged race, what matters is not who runs the fastest, but who runs the most steadily.

Greed is the culprit that makes you give back your profits—how to satisfy this monster?

06/17

0

35361

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