About an hour after the market opened on Wednesday, I had already re-established the positions I had sold off on Monday. For the specific actions taken on Monday, everyone can review the updates I posted earlier on the X platform. With this additional buy order successfully completed, this recent round of swing trading is now officially wrapped up. Overall, I’m fairly satisfied with the spread-to-profit ratio from this swing trade.
What’s interesting is that shortly after I bought back the positions, the broader market then saw a rise and rebound.
Taking advantage of this opportunity, I’d also like to lay out the three key reasons that led me to decide to enter long. First, according to the monitoring data from the Bbm Cat system, its centrality indicator has remained stable throughout, with absolutely no signs of weakening or decline. Second, yesterday I highlighted several key levels to everyone, and the fact has proven that the defensive support at these levels is very solid. Finally, related assets led by BTC have shown relatively strong short-term technical indicators this week.
What’s interesting is that shortly after I bought back the positions, the broader market then saw a rise and rebound.
Taking advantage of this opportunity, I’d also like to lay out the three key reasons that led me to decide to enter long. First, according to the monitoring data from the Bbm Cat system, its centrality indicator has remained stable throughout, with absolutely no signs of weakening or decline. Second, yesterday I highlighted several key levels to everyone, and the fact has proven that the defensive support at these levels is very solid. Finally, related assets led by BTC have shown relatively strong short-term technical indicators this week.
