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Look at the orders below, both Bitcoin and Ether were basically in the green early in the morning with considerable profits. But why didn’t I close my positions? It’s not that I forgot; it’s because the FOMO sentiment in the market was very high last night, and it could potentially break the previous high. The saying that you shouldn’t take short positions in a bull run and you shouldn’t take long positions in a bear market is very reasonable. Frequently getting out of positions can easily lead to missed gains. Of course, you might also experience profit pullbacks; it all depends on your own perspective!
A few days ago, I mentioned in a post that because of the two interest rate cuts by the Federal Reserve before the end of the year, along with some institutions, ETF funds, listed companies, and many countries scrambling for chips, think about what price they will exit at when entering at this level. They can't just come in and make a few points and then run, right? If they run, it will be a victory for us retail investors because we successfully trapped them at a high point! Speaking of Ethereum, according to market capitalization proportion, I also mentioned in a post a few days ago that it should normally reach above $6000-8000. Let's give a discount and see it at $4000-5000, which is not unreasonable, right? So I will keep holding the quantitative orders for Ethereum below until I exit!
The trading account is fully open, so this account is a bit smaller to prevent everyone from going all in, especially since altcoins can easily be targeted. Manage your positions well!
Thank you all for your attention and likes. If you have any questions you don't understand, feel free to ask me in the comments! If I don't know, I'll ask someone else.