Those who can buy are apprentices, those who can sell are masters, and those who understand holding cash are the ancestors! In trend swing strategies, the choice of entry points is secondary, while exit points are key; however, good capital management is the soul of trend swing trading.
The market is still oscillating within the expected range, and yesterday's strategy of following both long and short positions yielded results again. Since the range is not broken, we will continue to treat it as a range for the short term, and the temporary strategy remains unchanged.
Observe the small box within the range of 3230-3030, if the upper level of 3230 breaks, it will extend to the resistance at 3380-3420; if the lower level of 3000 breaks, we will look at the support range of 2880-2830. The longer the box oscillates, the greater the probability of a breakout later. When we repeatedly gain at the same position, we must be more cautious as we move forward, and risk control of our positions must be well managed.
Do not over-speculate or interpret the market; we should simplify things and follow the traces left by the K-line feedback after the long and short game. Judging based on conspiracy theories will lead to a deadlock. Sometimes it seems like a breakout is imminent, but it continues to move within the box. When you treat it as a box, a breakout can leave you at a loss. Therefore, I believe that reasonable allocation and management of positions are very important. What is considered reasonable? For example, having a defensive position, even if it gets swept, allows you to sleep peacefully, which is reasonable. After all, gains and losses come from the same source.
11.19 Short-term suggestions: If 3230 does not break, short at 3180-3200, looking for 80-100 points. If 3380 does not break, short at 3350-3330, looking for 80-100-150 points.
If 3000 does not break, long at 3050-3030, looking for 80-100 points. If 2830 does not break, long at 2880-2850, looking for 80-100-150 points.
The above suggestions are for reference only; please manage your risk well.
Wishing you successful trading!
Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Big Coin, find Gege.
Written by/ I am Trader Gege, a friend willing to accompany you in your resurgence.
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