Some price levels are ones where you shouldn't overtrade, but chasing shorts is definitely out of the question. Although buying the dips all the way down has left you trapped and taking losses, there are indeed some levels where shorting is simply not an option. For example, yesterday I told everyone to go long on BTC at 76,000–75,000. At levels like these, buying the dip is definitely better than chasing shorts. It has now risen to around 78,300, giving you a small profit of about 2,000 points, so reduce your position if you need to. For ETH, I suggested buying the dip at 2,220. It has now risen to 2,320, giving you a profit of about 100 points, so reduce your position if you need to. If you're trading short term, you can also take profit on the entire position! If you want to hold a little longer, aiming for the 80,000 level above and the resistance at 2,400 is also a reasonable option!
With prices now at 78,300 and 2,320, if you're out of the market, there's no way you should go long directly here. If you want to buy the dip, you'll still have to wait for 76,000–75,000, or for ETH to pull back to around 2,220. Buying the dip at these levels gives you a better chance of profiting from a rebound.
If you want to short at higher levels, consider 79,000–80,000. Price has previously met resistance after moving up into this range. For ETH, consider shorting at 2,370–2,420. If the rebound is weak, a move up to these levels could easily be followed by a pullback. Watch for support at 78,000–77,000–76,000, and at 2,320–2,250–2,200.
The market is still moving sideways. If you're trading short term, you can reduce your position after a 1,000-point move and take profit after a 2,000-point move. You can look for opportunities to short at higher levels or go long at lower levels. If you're holding for the long term, reduce your position once after a 2,000-point move; if the price drops further, add back to your position. This requires more patience! #美国中期选举：市场有哪些期待？ $BTC
With prices now at 78,300 and 2,320, if you're out of the market, there's no way you should go long directly here. If you want to buy the dip, you'll still have to wait for 76,000–75,000, or for ETH to pull back to around 2,220. Buying the dip at these levels gives you a better chance of profiting from a rebound.
If you want to short at higher levels, consider 79,000–80,000. Price has previously met resistance after moving up into this range. For ETH, consider shorting at 2,370–2,420. If the rebound is weak, a move up to these levels could easily be followed by a pullback. Watch for support at 78,000–77,000–76,000, and at 2,320–2,250–2,200.
The market is still moving sideways. If you're trading short term, you can reduce your position after a 1,000-point move and take profit after a 2,000-point move. You can look for opportunities to short at higher levels or go long at lower levels. If you're holding for the long term, reduce your position once after a 2,000-point move; if the price drops further, add back to your position. This requires more patience! #美国中期选举：市场有哪些期待？ $BTC
