Exciting self-rescue, but still a reminder that next time after taking profits, the stop loss should be adjusted. Otherwise, according to your operation, if you encounter something like folks, you will basically be buried at once.
It's a bit mysterious; at this time, we're still grinding, just afraid there might be another pin. Everyone be patient, let's wait for a pullback to 3.6, confirm the downtrend acceleration before entering again.
$BEAT is too small now, and there is still buying support, I think it will continue to grind for a while, so I'll open a long hedge position and play a few games before reassessing.
There are quite a few coins that actually move in sync with BTC, and for these coins, you just need to pay attention to BTC. Then there are some speculative coins, which completely depend on the whims of their promoters. The biggest problem with speculative coins is their extreme volatility, sometimes far exceeding their expected range; if the direction is wrong and the candlestick loses support, managing positions becomes very difficult. Sometimes a stop-loss is just a slight shake, and the position is gone, but if you don't stop-loss and let things develop, there is a risk of liquidation. The larger the market cap, the more dispersed the chips, and the lower the volatility. This type is undoubtedly safer, but it is greatly influenced by news. For coins with little history, try to maintain a sense of respect for their future volatility; if the volatility is too high, both long and short positions can be very risky. At any time, the safety of funds is far more important than making a profit.
To be honest, the mysterious small K-line gives me the feeling of wealth, justice, and being open and aboveboard, yet a bit cynical. Isn't this just Principal Wang?
Login to explore more contents
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.