In order to filter out advertising spam (1U threshold) and create a good communication entry, friends in need please move to Binance to subscribe to the communication community. During non-live hours, it serves as a place for communication, with a pinned message 🔝 directing to the strategy channel.
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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.
🤑 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
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.
High-altitude entry (with replenishment of high-level bottom warehouse) operation suggestion:
2107.88 2160.88
Position ratio from bottom to top 1:2
$BTC
High-altitude entry (with replenishment of high-level bottom warehouse) operation suggestion:
68022.8 69151.8
Position ratio from bottom to top 1:2
🌕 Limited to same-day timeliness, market changes updated at any time, pay attention to light positions and wide stop losses, higher extreme forced replenishment points see the chart.
㊙️ The market continues to focus on high-altitude operations, if trying to go long:
⚡️ Bitcoin Conservative long position can be placed at 63188.8 ⚡️ Ethereum Conservative long position can be placed at 1916.88
Opportunities for the 8H level three brothers entering the market reference update (transition between the end and beginning of the month, increased volatility, do not over-invest)