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Newbie's Guide to Position Management in Crypto ⭐ If you're a gambler, love to YOLO, thrive on wild swings, crave excitement, and enjoy the quick rush, you're probably not too concerned about position management; ⭐ If you're drowning in debt and getting daily reminders from online lenders, you likely don't have the patience to learn about position management; all you're chasing is the dream of sudden wealth and fantasy. ⭐ If you're a seasoned bag holder who's really felt the pain of losses, been wrecked by the market, and experienced multiple liquidations, you probably already have a sense of position management and experience. ⭐ Most of the casualties in this market aren't due to failed strategies or poor skills, but rather from mistakes in position management, whether it's over-leveraging or adding to losing positions.
Currently, SOL is in a 1H support and resistance perspective at $SOL . We're stuck in the awkward zone between 61.7 and 67.5, with a vacuum above and below; it really depends on which way Bitcoin and Ethereum are swinging. Besides the spot positions, there's no clear betting direction for futures here. If you want to go long with low leverage, you should get close to 61.7; I wouldn't recommend going short in this area.
$ETH Currently, from the ETH 1H perspective, there’s significant risk of a short around the 1680 resistance level. Stay sharp on entry points for ETH, especially looking for shorting opportunities in the 1755-1785 range.
#ETH走势分析 #The US continues to hit Iran, causing the NASDAQ to drop by 1%.
The current Bitcoin 1H support and resistance perspective is $BTC . On the short-term, if we see a bounce back around 64158, there's a chance to take a quick short position (only one valid entry). Watch for resistance around 63100 for a short, but be cautious as the risk is higher.
Gold tested the 4043 support last night, showing a slight bounce. In the short term, gold has lost its safe-haven asset logic, as the market is still trading on the risks of interest rate hikes within the year. Tonight's PPI data will be crucial; if PPI cools down, gold could recover upwards. However, if PPI continues to run hot, we need to keep an eye on the next support level at 3924 for testing.
For short-term plays, if you're holding around 4043, consider taking half off to break even and holding the other half. If you're currently underwater on your positions, stay safe with a spot trading mindset and wait for the market's reaction to tonight's PPI data.
$XAU MA200 moving average has been breached, there's still support at 4169. If it breaks that, the next supports are at 4043 and 3926. If you're bagholding, just treat it like a spot position and go check out some gold shops.
$XAU MA200 moving average has been breached, there's still support at 4169. If it breaks that, the next supports are at 4043 and 3926. If you're bagholding, just treat it like a spot position and go check out some gold shops.
Last night on the livestream, I mentioned a short on Bitcoin around 62000-62200, and a short on Ethereum at 1656-1660. If you got in on those, consider taking 50% profit and letting the remaining position ride to break even. Currently, the 1H chart still shows a bearish trend.
$ETH $BTC If you're trading on a large scale (daily charts), keep an eye on the key resistance levels for potential rebounds and the support levels for dips.
$ZEC The 475 that has been repeatedly hit is now pinned, so let's try to take some short profits on the short orders. The bullish trend is continuing, so don’t even think about going short again; keep an eye on the next level around 550.
Last night on the live stream, I mentioned that if you entered a short at 1712 or 1713, you might want to take 50% off the table and let the rest ride to break even.
🍀 Leverage on Binance is capped at a maximum of 10X for altcoins, so best to steer clear of those.
🍀 Ethereum hasn't broken below 1590, so the 15-minute bullish bounce trend is still intact. Bitcoin hasn't dipped below 61500, keeping the 15-minute bullish bounce trend alive as well.
🍀 The US stock market is likely to continue its downward trend tomorrow, with a potential narrowing of losses by the close. During the day, a pullback in Bitcoin and Ethereum seems more probable.
🍀 Currently, the ETH/BTC exchange rate is hovering around the 0.0258 support level I've mentioned before. If we see an extreme situation with new lows, the rate could further head towards the 0.0228 mark.
🍀 For the higher time frames like 4H and above to find a bottom and stabilize, Bitcoin needs to hold above 65600 to even talk about possibilities.
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