It is still uncertain whether to draw the door and then go down; personally, I feel that going long at a lower price is less risky than shorting at a higher price. If my expectations are correct, after finishing the injections in the evening, we will go near 2990.
The chat room is open for brothers to communicate about the market, welcome to join.
Brothers, Old Wang is back. I am operating a new account myself. I apologize for any inconvenience caused. Once I rent a new house here, I will resume normal live broadcasts. Recently, I have been truly exhausted both physically and mentally. It's just right to take these few days to rest and adjust my state. Once the broadcast starts, we can chat in the live room. Follow Old Wang so you don't get lost🧡ྀི💛ྀི❤️ྀི
The strategy remains unchanged. The large pancake 685 that was not available yesterday, and we can short Ethereum above 2000. Bring a stop-loss. If you didn't exit your short position from yesterday, just hold on for now. Let's see if it breaks 18 before we discuss further.
What does this look like to you? It looks to me like the big door has come down, and the situation is not optimistic. The first pancake is above 685, and the second pancake feels like it can be short above 2000.
The limit order for the large pancake 688 from yesterday's live broadcast was not received, Ethereum 2064 has been received so far, and I want to hold it with a break-even point and continue to observe. If I don't want to hold it, I can take profit at 2100.
Last week was a rough week; this level of pullback is acceptable. I wonder if the long-awaited daily rebound will come back next week. For now, I'm still fighting for direction. I think there's a good chance the door will come down again.
If you want to avoid liquidation! Don't hold overnight positions!!
Recently, many people have been posting about this liquidation and that loss of 99% in the square. I can only say that there are too many people to follow, and it's a mixed bag with many newcomers coming in to cut the leeks! Therefore, the win rate and yield are of no use. I believe the best trading system is to clear all positions daily, focusing only on short-term trades, with no overnight positions. Although we can't capture large gains, we are not here to get rich quickly; achieving stable profits is already quite good. Moreover, regarding getting rich, as long as we don't hold overnight positions, there is basically no risk of liquidation. We can place orders before sleeping, but we must set stop-losses. I think this approach is relatively safe for now. To take a step back, if you want to aim for bigger gains, you can set the stop-loss a bit further, but don't resist too hard. Reject the mentality of cutting leeks!!!
It should go up to draw the door and then come down. At the very least, it should go below 2100 to probe before really pulling back to 2900. At this time, pulling back is not as cost-effective as luring up before coming down.
Still practicing Tai Chi, during such times I won't provide very clear information, I have gotten used to it. After this wave of advance, can we still go up again?
The bottom has already been reached, predicting a new coin at the scheduled interval, indeed it dipped down, going to sleep, see you brothers at the talk at 3
Recently, the trend of metals has been somewhat strong. Considering the response from the cryptocurrency market, it is likely to be gold 📉 in the crypto market 📈. The speech from the Federal Reserve is key, and we cannot rule out some maneuvering. Personally, I feel it's still necessary to find a position to go long to avoid missing out on gains when the market rallies.
① Ethereum retraces to around 3160-3200. Regardless of bullish or bearish, there will be a pullback action. If it falls down, it can see 3050; if it continues downward, it can reach around 2820, forming point D.
② After the pullback to 3050, if it holds, reaching 3100, then it can look for a small head and shoulders bottom, which can see around 3300.
③ If the market sentiment goes as expected, then next week will continue to explore the bottom at 2800. The only strategy is to short high and long low to take short-term pullbacks, trying to avoid holding positions for a long time.