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Position Management Method for Cryptocurrency Beginners
Position Management Method for Cryptocurrency Beginners ⭐If you are a gambling addict, love high-stakes games, enjoy ups and downs, seek thrills, and prefer short-term excitement, you probably won't consider position management; ⭐If you are burdened with debt and being chased by online loans every day, you probably don't have the patience to learn position management; all you desire is the faith and fantasy of getting rich quickly. ⭐If you are an old investor who has genuinely lost money, been hurt by the market, and experienced the pain of liquidation multiple times, you probably already have your own awareness and experience of position management. ⭐Most people who die in this market do not fail because of strategy or poor technology, but because of mistakes in position management, either from over-leveraging or increasing their positions recklessly.
🍕 Pentagon Pizza Index, Predicting U.S. Military Actions (For Reference Only)
https://www.pizzint.watch/
Data Collection Principle: By real-time scraping of the order volume from pizza shops (such as Domino's and Papa John's) within 3 kilometers of the Pentagon, Google Maps heat data, and DEFCON readiness levels (1-5, where a lower number indicates higher risk), the percentage increase in orders is calculated (for example, a 100% increase compared to normal days triggers a warning).
$我踏马来了 Everyone is bottom fishing, I advise caution. I will place a long position between 0.0135-0.0139. The spot K-line is more complete than the contract.
I started bottom fishing early, be careful not to mess it up.
🤡 Binance, can you learn this? If BTC doesn't work, send some ETH, and if that doesn't work, sending some BNB is also fine... One incident, top-notch marketing.
$BTC Hourly support and resistance overview, can continue to short near 71598 over the weekend, with a stop loss of 700-800 points, 66711 nearby as the recent hourly support level to consider entering long positions, with lower support levels for averaging down.
🚨 Three good habits for short-term positions:
When unsure whether to exit with a floating profit, directly take half profit and leave the rest at break-even, this will never be wrong; after a period of floating profit, habitually set a break-even stop or move the stop loss, this is the bottom line, do not let it turn into a floating loss; take profit target positions are always just a goal, do not be overly attached to taking profit at the target position.
🚨 Suggested position management ratios for entering positions:
For two positions: 3:7 or 2:8 For three positions: 2:3:5 For four positions: 1:2:3:4
$ETH Hourly level support and resistance overview, can continue to short near 2105 on the weekend, stop loss 20-30 points, 1962 nearby as the recent hourly level support can enter long positions, lower support as a replenishment.
🚨 Three good habits for short-term positions:
When unsure whether to take profit on floating gains, directly take profit on half the position and leave the rest at breakeven, this will never be wrong; after some floating gains, habitually set breakeven stop loss or trailing stop loss, this is the bottom line, do not let it become a floating loss; the profit target position is always just a wish, do not be overly obsessed with taking profit at the target position.
🚨 Suggested position management ratio for entering trades:
Second position entry ratio: 3:7 or 2:8 Third position entry ratio: 2:3:5 Fourth position entry ratio: 1:2:3:4
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$ETH Huazi transferred 119,000 Ethereum to Binance during the day today, with a firm determination to stop losses.
Huazi still has 273,000 ETH, having already cut more than 60% from the highest point, and the leverage forced liquidation has almost fallen below $1000, approaching a complete recognition of loss.
$XAU $XAG Overview of hourly support and resistance levels for gold and silver. Silver observation point 87, gold observation point 4891, if it falls below and cannot regain strength, it may weaken again.
$BNB Conventional and stable performance, completed a second test at the 1H level without breaking new lows, with support at 748, can bet on long positions and set a stop loss below 736. The upper pressure level is relatively far, overall risk-reward ratio is good.
$BTC The market trend for Bitcoin is weak, especially after the false breakdown signal at 74000 on the 1H level last night, indicating the main players' intention to inflict losses is clear. The focus can be primarily on Ethereum (see the previous post)
75394.88 (this is the recent minor support level; choose whether to enter the position here based on your risk preference; if it breaks down, only a narrow stop loss can be applied)
Breaking down the support near 75394.88, there is an awkward area of over 4000 points below, with no effective structural support. Further down, it directly reaches the support near 71598.
Key support further down: weekly EMA200 support at 68714
Overall, the current long position opportunities for BTC are rather average.
$ETH Yesterday, it was received in batches at two levels: 2186.88 and 2105.88. Partial profit-taking can be done, and those with a base position should continue to hold, just defend the cost. If there is no position, the following re-entry suggestions are as follows:
2268.88 (This is the recent small level support; choose whether to enter the main position here based on your risk preference)
⭐ Main position: 2186.88 ⭐ Additional position: 2105.88
Stop loss: Don't over-invest; manage the position well to prevent losses. It is recommended to find a stop loss position below 2100 on your own.
🌕 Two position ratios should be 3:7 or 2:8 🌕 Three position ratios should be 2:3:5
👊 Take profit target: You can start reducing positions between 2360-2380. The upper resistance levels are 2380, 2460 (weak), 2550 (weak), 2625 (strong). Reduce positions in batches as you reach each resistance level.
🎁 The current major support levels below are: 2105, 1852, 1646, 1540, 1420.
$ETH Weekly perspective, like the big pie, the long-term trend is still downward, and there are no signals of stopping the decline. More time is needed to make a judgment. Currently, if 2100 can be maintained without breaking, one can enter the market in phases at 2105-2186-2268 to repeatedly bet on long positions. For short-term trading, profits can be taken around 2360-2380. The bottom position can try to hold up to 2610-2627 (flexibly moving the stop loss). There is a huge gap in futures that needs to be filled above, which is a normal rebound and does not constitute a reversal. For Ethereum, an overall trend reversal needs to be above 2785 before considering the possibility of establishment. When the rebound reaches around 2626, it will encounter resistance from the weekly EMA200 moving average (which is also the resistance of the weekly upward trend line). One can take profit from the trend long position and consider entering a short position opportunity, with a stop loss around 2680, flexibly taking profit.
Current major supports below are: 2105, 1852, 1646, 1540, 1420.