Today I will teach you two methods for chasing long and short positions💥💥💥
First, let’s talk about chasing long positions, using $JELLYJELLY as an example; as shown in Figure 1.
For chasing long positions; the short-term trend should be watched on the 15 and 5-minute candlesticks. If there is a pullback on the 5-minute chart and then a rise, this is a minor correction, and at this point, you can enter the market, generally at 20 times leverage. The success rate is 90%, and it happens quickly; aim for 1 to 2 times profit and then exit. Don't be greedy when chasing long positions; if you can’t control it, it will quickly retrace.
For chasing short positions; using $RIVER as an example; as shown in Figure 2.
For chasing short positions, there may be small rebounds, but they are not strong. At this point, as it slowly declines, this is the entry position, also at 20 times leverage. Pay attention to the 5-minute chart for any rebounds; you need to set a stop-loss. Generally, aiming for 1 to 2 times profit is absolutely fine.
The above is Brother Niu's trading experience over the years, with a high success rate! Of course, this is just a personal opinion; the main thing is still to rely on your own market sense and control of rhythm.
If you still don't understand, feel free to discuss in the pinned chat room.
