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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.
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Last night in the live broadcast room, I hung $BTC 73388 and got empty, you can appropriately take half the profit, you can hang 73100 for a movable stop loss, if it gets hit, just wait for a higher position to re-enter.
$ETH can be treated similarly.
The current market situation conforms to a normal pullback after testing the major cycle downtrend line, the overall major coin Ethereum has negative costs, and the real-time long-short account ratio is at a low level, with shorts relatively crowded, there is a possibility of continued upward movement.
Last night in the live broadcast room, I hung $BTC 73388 and got empty, you can appropriately take half the profit, you can hang 73100 for a movable stop loss, if it gets hit, just wait for a higher position to re-enter.
$ETH can be treated similarly.
The current market situation conforms to a normal pullback after testing the major cycle downtrend line, the overall major coin Ethereum has negative costs, and the real-time long-short account ratio is at a low level, with shorts relatively crowded, there is a possibility of continued upward movement.
Tonight, the large pancake's Ethereum high-level trend line has been touched. After encountering resistance and falling back, there has been no obvious one-sided market reaction. The more this happens, the more cautious one must be. The friction at high levels is like sharpening a knife; the emergence of this situation is likely to hold back an extreme market trend.
Currently, the main strategy is to go for high shorts, and the gamble is also made according to the direction of high probability. Any events that exceed expectations have a chance of occurring.
So, always set stop-losses for your positions, and if you have floating profits, try to set them to break even; safety first.
If there is a sudden explosive surge with a large bullish candlestick breaking through, it is likely the last wave of extreme short squeeze to induce buying, with target levels of 76000-77000.
The short perspective of $SOL corresponding to the big pancake Ethereum (watch for false breakouts, continue to look bearish in the long cycle), three suggested entry positions for SOL short positions in batches.
The corresponding pancake for $ETH , the short perspective of Ethereum (looking at false breakouts, continuing to be bearish in the larger cycle), possible local progress paths, and entry ideas.
The corresponding pancake for $ETH , the short perspective of Ethereum (looking at false breakouts, continuing to be bearish in the larger cycle), possible local progress paths, and entry ideas.
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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.
$BTC $ETH Pay attention to the possible demand for filling the futures gap in the near field. Don't rush to bottom fish and go long; wait for the market to calm down.
🤑 After making a profit on short positions, those with large positions should reduce, especially if the average price hasn't been improved. If you want to keep a base position, retain a portion yourself. As long as it doesn't drop, aim for 1300; if it rises, aim for 2600. It's an emotional market, essentially still fluctuating rather than trending in one direction, and there are no signs of a breakout in the larger trend, so focus on intraday trading for now.
For existing positions that are profitable, if you want to set a stop-loss for the base position, do so. If you don't want to set a stop-loss and plan to sleep, it's better not to place additional orders for now. Given the current liquidity, the upper levels haven't been cleared adequately, especially with $ETH, which could potentially rise to new highs, so be cautious.
🤑 After making a profit on short positions, those with large positions should reduce, especially if the average price hasn't been improved. If you want to keep a base position, retain a portion yourself. As long as it doesn't drop, aim for 1300; if it rises, aim for 2600. It's an emotional market, essentially still fluctuating rather than trending in one direction, and there are no signs of a breakout in the larger trend, so focus on intraday trading for now.
For existing positions that are profitable, if you want to set a stop-loss for the base position, do so. If you don't want to set a stop-loss and plan to sleep, it's better not to place additional orders for now. Given the current liquidity, the upper levels haven't been cleared adequately, especially with $ETH , which could potentially rise to new highs, so be cautious.
⚡️ $BTC short position re-entry (averaging) suggestion
Initial position: 70468.8 Averaging: 71776-72298
Small position wide stop loss: >73000 Position ratio 1:2 or 1:3
⚡️ $ETH short position re-entry (averaging) suggestion
Initial position: 2176.8 Averaging: 2232.8
Small position wide stop loss: >2290 Position ratio 1:2 or 1:3
🌕 Limited to same-day timeliness, market changes updated and live synchronized at any time.
㊙️ The market still mainly focuses on high shorts, and I temporarily do not recommend participating in close long positions. I have limit orders placed below to keep entering long:
⚡️ Large coin conservative long position can be placed at 63188.8 ⚡️ Second coin conservative long position can be placed at 1926.88
The current major downtrend line is approaching the perspective, as well as today's corresponding touch point (BTC±150, ETH±10). Ethereum is slightly stronger and is nearing this point. The space above the touch point can be used as a reference for stop-loss positions for short positions.
For those who have entered short positions, wait for a pullback to have the opportunity to take profit and appropriately reduce positions, maintaining a lightweight position. It is still advised to keep light positions with wide stop losses. The touch point may be the consensus stop-loss position for many short positions, and a spike to deliberately hit it cannot be ruled out. Therefore, raise as much as possible within the acceptable range.
⚡️ $BTC short position re-entry (averaging) suggestion
Initial position: 70468.8 Averaging: 71776-72298
Small position wide stop loss: >73000 Position ratio 1:2 or 1:3
⚡️ $ETH short position re-entry (averaging) suggestion
Initial position: 2176.8 Averaging: 2232.8
Small position wide stop loss: >2290 Position ratio 1:2 or 1:3
🌕 Limited to same-day timeliness, market changes updated and live synchronized at any time.
㊙️ The market still mainly focuses on high shorts, and I temporarily do not recommend participating in close long positions. I have limit orders placed below to keep entering long:
⚡️ Large coin conservative long position can be placed at 63188.8 ⚡️ Second coin conservative long position can be placed at 1926.88
To some extent, short-term trading is like trading in deep wells of ice. It is recommended to place buy and sell orders far away from the current price. This yellow-haired person doesn't know what kind of trouble he will stir in this deep well of ice.
⚡️ $BTC short position re-entry (averaging) suggestion
Initial position: 70468.8 Averaging: 71776-72298
Small position wide stop loss: >73000 Position ratio 1:2 or 1:3
⚡️ $ETH short position re-entry (averaging) suggestion
Initial position: 2176.8 Averaging: 2232.8
Small position wide stop loss: >2290 Position ratio 1:2 or 1:3
🌕 Limited to same-day timeliness, market changes updated and live synchronized at any time.
㊙️ The market still mainly focuses on high shorts, and I temporarily do not recommend participating in close long positions. I have limit orders placed below to keep entering long:
⚡️ Large coin conservative long position can be placed at 63188.8 ⚡️ Second coin conservative long position can be placed at 1926.88