Crypto News
March 14th Hot Topics:
- The US Treasury Department is analyzing $165 million worth of cryptocurrency transactions related to Hamas.
- A US judge rejected Gemini and Genesis's motion to dismiss the SEC lawsuit against Gemini Earn.
- L2BEAT: zkSync Era sorter costs drop by about 88%.
- Starknet gas fees drop to $0.01.
- Coinbase International will list DYDX.
Trading Insights
The best remedy for consecutive losses
Almost all traders have experienced consecutive losses, during which they couldn't grasp the market's rhythm and faced repeated failures.
When facing consecutive losses, you must not try harder to reverse the situation.
When your trading performance worsens, the best solution is usually to liquidate all positions (or protect your positions by setting stop-loss orders, after which there is no need to make trading decisions, and everything operates based on the gains and losses of the stop-loss orders), then stop trading, rest for a few days, or even longer.
Liquidating positions can help you regain objectivity.
If you stay in the market at this time and continue trading, you will not be able to remain objective.
Because each loss further undermines your confidence, consecutive losses can lead to negative emotions, a depressed will, and a languid spirit. Resting physically at this time can eliminate all negative and pessimistic influences.
When you start trading again after resting, you should maintain a smaller trading scale; until you regain confidence, then you can increase the scale of your trades.
Search for the public account: Big White Coin
BTC
Analysis
Bitcoin fluctuated upward after breaking through the new high of 73640 yesterday, but was resisted at the 73640 level, then fell back to the support level of 71650. Congratulations to friends who followed this strategy and profited from long positions by over a thousand points. Currently, the price is running near 73080. On the four-hour chart, the market made a slight retracement under the influence of the news, but the intensity was not significant, and then it pulled back to regain lost ground. The MACD is running with low volume and the two lines are sticking together. Looking at the trend, there is not much change. Although it broke the new high, it failed to continue, presenting a high-level oscillation in the short term. Currently, attention is focused on the suppression situation of the MA7. On the daily chart, the candlestick shows a long lower shadow, indicating an upward trend, breaking through the new high again. Each retracement during this period was followed by a rebound, and the bottom gradually rose. It can be seen that the bullish trend is relatively strong. The strategy remains the same, focusing on buying low. The upper resistance is at 74000-75000, and the lower support is at 72500-71500.
ETH
Analysis
Ethereum's overall trend is weaker than Bitcoin's. It made a second attempt to break the previous high yesterday but was resisted at the 4081 level and fell back to the support level of 3933. Congratulations to friends who followed this strategy and profited from long positions by nearly a hundred points. Currently, the price is running near 4000. On the four-hour chart, the market is oscillating around the 4000 level, with no clear direction for long or short positions. The MACD is running bearishly, with the two lines crossing downwards. In the short term, the trend is not very volatile. Currently, the rebound strength is weak with signs of retracement. Looking at the daily chart, the candlesticks show a series of lower highs, indicating a high-level oscillation in the overall trend. If it cannot stabilize above MA7, it will inevitably retest the 3900 support. As mentioned in the article, good fundamentals provide opportunities for retracement. In the short term, treat high positions as short and low positions as long. The upper resistance is at 4050-4100, and the lower support is at 3950-3900.
Disclaimer: The above content is for personal reference only and does not constitute specific operational advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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