I guessed it would be a pin for heaven and earth, but I didn't expect it to be so high, I got targeted and exploded, otherwise I could have multiplied it several times.
Setting the stop loss too close caused it to be hit by a pullback. Although I still remain bullish, the risk has increased, so let's leave it at that for now.
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.
The RVV 5-minute chart looks like it's in a downward oscillation. However, the turnover rate is frighteningly high, with a trading volume of 600 million for a small coin with a market value of about 9 million dollars. The structure is good; if there is a sell-off, the profit won't be much. I tend to lean towards a short-term profit-taking exit, a technical adjustment, and it will come back up later. Looking bearish in the short term, bullish in the long term.
Laughing to death, a couple of days ago I bought this after a big drop and forgot to cancel it. In the middle of the night, it dropped sharply, and I got in, leading to a total liquidation of my entire position, leaving nothing behind. This coin can rebound by 20% in the short term, but don't get greedy.
BEAT started to decline in the morning, set a stop loss below the opening price, and took a small profit. Now continuing short, but I have reduced my position because the decline is not substantial, and the risk is too high.
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.