AXS Short Trade Update 🚨 The $AXS short setup is playing out perfectly, and the trade is currently running in strong profit. The entry was taken at 1.491, where price showed clear exhaustion after a sharp upside move and sellers stepped in. At the moment, price is trading around 1.476, placing the position at approximately +50% profit on 50x leverage. At this stage, risk management is crucial. If you are already in this trade, move your stop-loss to breakeven (entry) to protect capital while allowing the trade to continue smoothly. Take Profit Levels: • Partial TP around 1.40 • Further downside targets near 1.32 if bearish momentum continues Short #AXS Here 👇👇👇$AXS #
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The price of Bitcoin is around 89,015 dollars with a negative variation in the last hours of -1.21% and it has moved in a range of 88,531 dollars as minimum and 90,472 dollars as maximum in the last 24 hours. {spot}(BTCUSDT) The market shows a slight stability, although analysts point out that December has had episodes of correction and specific drops.
The RSI remains in neutral zone 50.22, which indicates that it is neither overbought nor oversold.
Despite today's specific stability, analysts warn that the market could face downward pressures in the coming weeks,
In summary, today Bitcoin remains stable around 90,000 dollars but the technical indicators and market sentiment point to a risk of downward correction in the short term.
The first sentence "Virtual currencies do not have the same legal status as fiat currencies, do not have legal tender status, and should not and cannot be used as currency in the market" directly defines the legal status of cryptocurrencies and fiat currencies. In essence, everyone knows that in China it is possible to hold $BTC , but trading is illegal. If trading is illegal, how can it be equated with the status of fiat currency? Therefore, this sentence starts by stating that stablecoins are the main focus, especially since there are laws for stablecoins in the United States. After legislation in Hong Kong, the primary focus in mainland China is to distinguish between what is offshore and what is onshore. Regardless of what happens offshore, onshore is illegal and cannot be circulated.
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Meeting summary at 9 PM. Although sometimes sharing the meeting summary might feel a bit outdated, it is still a commemoration I leave in this world.
1. Core Points
Tonight is the release of the non-farm payroll data. The meeting aims to conduct macro analysis through trading examples, rather than merely providing buy and sell points. Old Wan's core point emphasizes that judging the trend direction and position of the market is crucial for decision-making. The principle of 'direction and position' should be followed, with market indicators serving as supporting evidence. In the face of market uncertainty, an independent trading system should be established to avoid relying on others' advice; only then can long-term profits be achieved. 2. Key Market Concepts Analysis
Interpretation of Non-Farm Employment Data: Old Wan emphasized the need to understand the principles behind macroeconomic indicators. Data shows that U.S. non-farm employment is strong, indicating economic recovery and a stronger dollar; therefore, the U.S. stock market and cryptocurrency market are generally expected to rise. K-Line Patterns and Singular Characteristics: Discussed the 'red bean' and 'green bean' in K-line charts, pointing out that traders can utilize the previous high/low positions of parabolas for trading. It was noted that the current market exhibits typical 'false ladder' characteristics, where the price quickly recovers after hitting a new low. Caution should be exercised regarding long opportunities before a pullback, and support levels should be prioritized for searching. Mentioned that news related to Trump is considered a strong signal for sharp price fluctuations.
3. Trading Strategies and Risk Control Importance of Direction and Position: Shared practical cases from 'Children of Destiny' and Li (10.18Senate), demonstrating the trading advantages when the direction is correct and positioned well. Dealing with Volatile Markets: Clearly pointed out that in a 'short' trend, if a significant rise is followed by 'short volatility', one should avoid chasing longs and may choose to short at previous highs. In a strong trend, if the price briefly fails to retest upward, it is often a good time to increase short positions.
Position Management: Pointed out that in a semi-profit stage, when funds are tight, if an extremely attractive trading opportunity arises, one should not hesitate and dare to place an order. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT)