Yesterday, I took an early bullish view on $BCH and $ETH . Today’s market has given us the answer!
Last night, a follower asked whether it was still worth buying BCH and whether they should switch positions on $SKHYNIX .
My view at the time was clear: I wasn’t very optimistic about U.S. stocks, but BCH and ETH were worth watching in the crypto market, especially ETH, which had support below. BCH had an even clearer support structure, so it could be considered in stages.
What mattered to me wasn’t a single bullish candle, but how the price was supported after a pullback. As long as key support held, there was no need to rush into a bearish stance over short-term fluctuations.
@Btc颜言
Looking at the market today, BCH rose around 8% at one point, while ETH gained around 5%. At least based on this move, yesterday’s thesis was on the right track.
Of course, it’s easy to review things after the market has moved. The hard part is figuring out support, risk, and entry points before a move gets underway.
Going forward, I’m paying closer attention to two things:
#BCH : Can it hold after a sharp rally? Only a continued breakout on rising volume would leave room for further gains. If it pulls back after rising, watch out for profits being given back.
#ETH : The key is how well it holds after a pullback. I’d only consider further opportunities if support holds. After a series of rallies, don’t blindly chase higher prices; waiting for a pullback often puts you in a better position.
When trading futures, getting the direction right is only the first step. Entry point, position size, and stop-loss are just as important. Getting it right yesterday doesn’t mean blindly going long today will make money.
Which do you think will be stronger next?
#美国9月PPI年率升至6.3%
Share your thoughts in the comments and let’s see whose call comes closest to the next market move. 策略群
Last night, a follower asked whether it was still worth buying BCH and whether they should switch positions on $SKHYNIX .
My view at the time was clear: I wasn’t very optimistic about U.S. stocks, but BCH and ETH were worth watching in the crypto market, especially ETH, which had support below. BCH had an even clearer support structure, so it could be considered in stages.
What mattered to me wasn’t a single bullish candle, but how the price was supported after a pullback. As long as key support held, there was no need to rush into a bearish stance over short-term fluctuations.
@Btc颜言
Looking at the market today, BCH rose around 8% at one point, while ETH gained around 5%. At least based on this move, yesterday’s thesis was on the right track.
Of course, it’s easy to review things after the market has moved. The hard part is figuring out support, risk, and entry points before a move gets underway.
Going forward, I’m paying closer attention to two things:
#BCH : Can it hold after a sharp rally? Only a continued breakout on rising volume would leave room for further gains. If it pulls back after rising, watch out for profits being given back.
#ETH : The key is how well it holds after a pullback. I’d only consider further opportunities if support holds. After a series of rallies, don’t blindly chase higher prices; waiting for a pullback often puts you in a better position.
When trading futures, getting the direction right is only the first step. Entry point, position size, and stop-loss are just as important. Getting it right yesterday doesn’t mean blindly going long today will make money.
Which do you think will be stronger next?
#美国9月PPI年率升至6.3%
Share your thoughts in the comments and let’s see whose call comes closest to the next market move. 策略群