Look at the overall situation, determine the bull and bear markets, and determine the stages;
Second, observe the pattern, determine the short-term direction, and look at the daily line.
As shown in the figure: After a full decline, the market showed a long lower shadow on April 13, 24, and the price broke the new low and reached 5 US dollars.
The market rebounded to a dense trading area formed above the position of 7 to 11 US dollars. After the decline, according to the principle of acute conversion, the support turned into pressure.
The market encountered no effective breakthrough of the upper pressure and ushered in the first wave of correction, but the amplitude of the correction was not large and the volume was reduced, and the price did not break the new low.
The same is true for the third wave of pullback. The short volume increases first and then decreases, while the long volume decreases first and then increases.
The retracement level is over 50% and the volatility is narrowing, which are all signs of bullish strength.
Coupled with the increase in the bull market background, it is judged that the current position of fil is a more suitable entry time for mid-term or long-term investment.
Technical analysis only helps us understand the market, and technical analysis is only a high probability. We must have sufficient understanding and clear positioning on this point.
Now that we have drawn a conclusion about the market trend through analyzing clues, we need to formulate a strategy for entering the market.
Formulating strategies helps us avoid risks effectively. If the price does not rise directly next, we can use position management to effectively control the risks.
Instead of analyzing the market and concluding that there is a high probability of an increase in the future, you start to go all in without thinking and ignore the risks.
All of this position requires the implementation of the Qianlong Strategy's position building strategy. The first position should be established. The specific position building strategy will vary from person to person based on each person's capital size, capital utilization cycle and cost, and risk control ability. I will not go into details here.
When the market effectively breaks through the neckline of the triple bottom, it is time to layout the remaining positions. This strategy is what many technical analysts on the market consider to be the right-side position building strategy.
The mid-term and long-term position building and delivery strategies are also different. We cannot use one trick to succeed everywhere.
Therefore, regarding the future trend, mid-term and long-term profit-taking and shipping strategies, I will share them based on the subsequent trend of fil.
As for many people predicting whether this bull market fil will break through the previous high, or even how high it can rise.
These are meaningless, the market has moved out. For the mid-term, as long as the market shows a peak reversal signal at the daily level, it is time for us to leave the market, and it has nothing to do with how high the price is.
Predicting price and time for trading would be like trying to find a sword by carving a mark on the feet, which deviates from objectivity and rationality.
I hope everyone can reap a lot in the coming bull market.
