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Event ends: August 9, 16:00 UTC
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Good brothers and sisters, don't panic when trading; the more you panic, the more likely you are to make mistakes!
Sometimes the market changes rapidly, and we can easily get carried away with our gambling instincts!
For example, today is very typical; in the morning session, I told you that you could try shorting with a small position. You definitely wouldn't chase long positions at 2500 or 108500!
After BTC fell to the first aggressive level of 106850 in the evening, it is not the time to chase long positions at the current price, but to consider right-side opportunities to go long. At this time, it is definitely advisable to try low long positions with a light position!
This rhythm is very important because it involves stopping losses in a small space while aiming for profits in a large space. The performance at key support and resistance levels generally allows for a good profit-loss ratio!
Tonight's pending order strategy remains unchanged, the aggressive point remains unchanged, and the small double bottom in the early morning gives the signal to go long once!
Tomorrow at 8:00 AM, the monthly K-line closes. Pay attention to the potential increase in volatility, and be cautious of the intense fluctuations during the non-farm payrolls on Wednesday and Thursday, as well as the expectations for SOL's spot ETF. This fierce double elimination of long and short positions is similar to the recent trend. Be sure to manage risk appropriately. If this rhythm and market condition do not suit you, wait for a more stable market before making trades. If you enjoy this kind of market and have a good feel for it, then just follow your trading system!
Risk management is essential, safety first, profit second!
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