Only by not being greedy when making profits and not being afraid when losing money can you be invincible in the market. ——BN Lao Deng
Market analysis on March 27:
BTC has been fluctuating within a narrow range of 69280-71561 yesterday, which caused many contract players to panic. Moreover, at 3 o'clock in the afternoon on the 26th, the price also rose rapidly and then fell back. Obviously, it would not let long profits run away, and in the evening The same is true for the lower probe at 22 o'clock. What does this mean? It shows that these two hour hands are testing the flexibility of the market, and I believe that many contract players have also cut their flesh during these two time periods! Yesterday, a fan asked me how to operate long position of 71000. What I want to say is to set a stop loss point and a profit stop point that are acceptable to you. This market changes very quickly. Maybe one of the stocks goes up while you are sleeping. The needle may reach your profit-taking point, or the lower shadow may break through your psychological loss point. Therefore, setting the profit and stop loss points in advance is a required course for contracts!
Lao Deng is bullish on this wave of short-term operations. He opened ETH: 3550 to open long, stop loss 3450, and take profit 3700-3750.
Lao Deng shared his position chart this time: short-term operations are relatively practical, so operate cautiously without the guidance of a teacher’s factual data!
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