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Position Management for Cryptocurrency Newbies If you are a gambler who loves poker, likes big ups and downs, likes excitement, and likes short-term pleasure, you probably won’t consider position management; ⭐If you are burdened with foreign debts and online loans are pressing you for money every day, you probably don’t have the patience to learn position management. All you want is the belief and fantasy of getting rich quickly. ⭐If you are an old investor, have actually lost money, been hurt by the market, and experienced the pain of several margin calls, you probably already have your own position management awareness and experience. ⭐Most of the people who die in this market do not die because of strategy failure or technical garbage, but because of mistakes in position management, or they die from opening with heavy positions, or they die from increasing their positions.
Talk about copy trading, currently, it starts with a normal ratio for opening positions, basically starting with a minimum of 1/10 of the copy amount, which means starting with 500u. Otherwise, there is simply no way to establish a ratio for opening positions, let alone position management. So in copy trading:
1. Below 100u, losses 2. Following 10u, 7u, a small fluctuation caused a blowout
In Binance chat, private message me to cover losses and exit copy trading; such small copy trades cannot be carried. A minimum copy trading amount is required to implement ratio copy trading.
$BTC Supplement Update: 85300-85600 is the defensive line firmly held by the bulls, and it is the key protective position in this trend of raising highs and lows (ascending wedge). A significant drop below may lead to a low point below 80,000. Maintaining the structure gives a chance to reach above 96,000 or even 100,000 this month.
🌕 Support levels below:
Around 88084 Around 85303 (if it breaks again, be wary of the possibility of dropping below 80,000) Around 83507 Around 78535
$BTC The acceleration zone is indeed exciting, up and down, back and forth.
🌕 According to the posted limit order location, I took an aggressive mid-line long position near 88084, just got in at the lowest spike of 88056. Take a bite of the rebound and run, or break even. The bottom line is to break even; absolutely cannot turn a profit into a loss.
$ETH Short positions should preferably not be entered near 3070-3088. This morning, a short-term long position was used once during the live broadcast. The hourly level is in a pullback trend, and the upper blue line is a 4-hour descending trend line resistance (coming down from the high point of 4754 on October 7).
The first attempt for a short long position can be around 2970-2983. Below that is the acceleration zone, and it will only accelerate if it breaks down with volume. There is no need to hold positions in the short term; a stop loss of 2946-2940 is sufficient.
Further down, the mid-term spot and contract long positions can be entered in batches as shown in the picture. The expectation of interest rate cuts will linger until December 10, and unless there is a deep crash, the pullback below still presents an opportunity for long positions, with hopes of reaching 3270-3360 above.
$BTC The acceleration zone is indeed exciting, up and down, back and forth.
🌕 According to the posted limit order location, I took an aggressive mid-line long position near 88084, just got in at the lowest spike of 88056. Take a bite of the rebound and run, or break even. The bottom line is to break even; absolutely cannot turn a profit into a loss.
$BTC Successfully reached the short-term target, as expected. The position at 85303 was fully taken for profit or defensive measures the day before yesterday. Whether we can hold for a medium-term view above 96000 depends on personal choice. However, it is absolutely not allowed to incur floating losses.
🌕 Bitcoin has currently rebounded to the sideways fluctuation range from last weekend, and I still do not recommend trading in this fluctuation range. (93155-90121)
🔥 Breaking below 90000 still has the possibility of accelerating downward.
🌕 Going long after breaking the fluctuation range (applicable for spot trading) at the following positions:
Around 88084 (aggressive medium-term long position) Around 85303 (conservative medium-term long position) Around 83507 (medium-term long position add-on) Around 78535 (slightly lower possibility, medium-term long position lottery pin add-on)
Position should be closed according to the final average price with a stop loss of 800-1000 points.
$ETH Short positions should preferably not be entered near 3070-3088. This morning, a short-term long position was used once during the live broadcast. The hourly level is in a pullback trend, and the upper blue line is a 4-hour descending trend line resistance (coming down from the high point of 4754 on October 7).
The first attempt for a short long position can be around 2970-2983. Below that is the acceleration zone, and it will only accelerate if it breaks down with volume. There is no need to hold positions in the short term; a stop loss of 2946-2940 is sufficient.
Further down, the mid-term spot and contract long positions can be entered in batches as shown in the picture. The expectation of interest rate cuts will linger until December 10, and unless there is a deep crash, the pullback below still presents an opportunity for long positions, with hopes of reaching 3270-3360 above.
$ETH Successfully reached the short-term target, as expected. The first position at 2772 was also fully taken for profit or defensive measures. Whether it can be held for the medium term to see 3200-3500 depends entirely on the individual. However, it is absolutely not allowed to incur floating losses.
🌞 Currently back to last weekend's sideways fluctuation range, still not recommended to trade, as the space is too small. (2983-3073)
🔴 If the entity breaks below 2980 with increased volume, there will still be an accelerated downward trend.
🌕 Break below the fluctuation range to go long (applicable for spot trading) positions:
Around 2843 (aggressive position for medium-term long) Around 2772 (conservative position for medium-term long) Around 2703 (adding position for medium-term long) Around 2650 (lottery-style adding position for medium-term long)
🔥 Limit orders can use a pyramid-style approach, increasing position size as you go lower, for example, 1:2:4
Once the position is filled, set a stop loss of 50-70 points based on the final average price
Binance is accelerating the elimination mechanism for altcoins, with a fast and frequent delisting speed. Therefore, special attention needs to be paid to coins with poor liquidity and new coins. It is advisable to choose targets invested by YZI Lab (Binance), which can be queried through the RootData website.
$ZEC Reorganize, currently it is a callback after the main upward wave at a large level. Now it is a rebound around 298, which has broken through the first resistance near 372. As long as it does not break and stabilize before 475, it does not constitute a downward reversal trend, just a rebound. The privacy token sector is temporarily overheated, so be cautious with this target. Those who are trapped should pay attention to whether 475 can break through again.
$ZEC It's hard to say before December Christmas whether this Christmas tree can be planted; at least half of it has been planted.
It takes three years to grow a tree, and it hangs on the tree for three years. I still hope to give the brothers on the tree a chance to escape from their predicament.
$ZEC It's hard to say before December Christmas whether this Christmas tree can be planted; at least half of it has been planted.
It takes three years to grow a tree, and it hangs on the tree for three years. I still hope to give the brothers on the tree a chance to escape from their predicament.
$SOL The multiple orders and spot transactions below 129 have also entered floating profits.
🌕 Short-term resistance level: around 144 (hasn't rebounded yet), once it reaches this level, short-term profit-taking or partial profit-taking can be considered. Below 130, one can continue to buy for averaging down. Whether it can hold for the medium term to see above 178 depends on the individual.
$SOL Currently, there are no independent market trends. Follow Ethereum for trading; the position for SOL is more suitable for medium-term trend trades.
🌕 Short-term resistance level: around 144
🌕 Medium-term trend trade buy (suitable for spot trading) position:
Enter long positions and spot trades in batches below 129, with strong liquidation controlled below 103.
$BTC Successfully reached the short-term target, as expected. The position at 85303 was fully taken for profit or defensive measures the day before yesterday. Whether we can hold for a medium-term view above 96000 depends on personal choice. However, it is absolutely not allowed to incur floating losses.
🌕 Bitcoin has currently rebounded to the sideways fluctuation range from last weekend, and I still do not recommend trading in this fluctuation range. (93155-90121)
🔥 Breaking below 90000 still has the possibility of accelerating downward.
🌕 Going long after breaking the fluctuation range (applicable for spot trading) at the following positions:
Around 88084 (aggressive medium-term long position) Around 85303 (conservative medium-term long position) Around 83507 (medium-term long position add-on) Around 78535 (slightly lower possibility, medium-term long position lottery pin add-on)
Position should be closed according to the final average price with a stop loss of 800-1000 points.
$BTC Bitcoin's current 4H trend is rebounding, and it will turn into a sideways fluctuation over the weekend, waiting for direction choice. The probability of breaking through and falling below the fluctuation range is fifty-fifty. Here, we do not guess the direction; any direction stated is merely a guess. What is correct to do is to know where to short at the breakout and where to go long at the breakdown. The thought process is as follows:
🔥 The points mentioned are approximate positions, not absolute positions!
🌕 Intraday short-term: high sell and low buy during sideways fluctuation, Bitcoin does not recommend trading this fluctuation range. (93155-90121)
🌕 Short position at the breakout of the fluctuation range:
Around 96151 (short) Around 103860 (short) Around 107393 (short)
Stop loss of 600-800 points is enough. After floating profit, dynamically push the stop loss. The target take profit can be found at the support below.
🌕 Long position at the breakdown of the fluctuation range (suitable for spot trading):
Around 88084 (short long) Around 85303 (medium-term long position) Around 83507 (first replenishment for medium-term long position) Around 78535 (lottery pin replenishment for medium-term long position)
Complete the position, and set the stop loss according to the last average price at 800-1000 points stop loss.
In December, the focus is on Ethereum, and trading Bitcoin mainly accompanies Ethereum.
$ETH Successfully reached the short-term target, as expected. The first position at 2772 was also fully taken for profit or defensive measures. Whether it can be held for the medium term to see 3200-3500 depends entirely on the individual. However, it is absolutely not allowed to incur floating losses.
🌞 Currently back to last weekend's sideways fluctuation range, still not recommended to trade, as the space is too small. (2983-3073)
🔴 If the entity breaks below 2980 with increased volume, there will still be an accelerated downward trend.
🌕 Break below the fluctuation range to go long (applicable for spot trading) positions:
Around 2843 (aggressive position for medium-term long) Around 2772 (conservative position for medium-term long) Around 2703 (adding position for medium-term long) Around 2650 (lottery-style adding position for medium-term long)
🔥 Limit orders can use a pyramid-style approach, increasing position size as you go lower, for example, 1:2:4
Once the position is filled, set a stop loss of 50-70 points based on the final average price
$ETH Ethereum is currently experiencing a trend rebound in the 4H, transitioning to a sideways consolidation over the weekend, waiting for a direction choice. The probability of breaking through or falling below the consolidation range is fifty-fifty. Here, we do not guess the direction; any mention of direction is merely speculation. What is important is to know where to short on a breakout and where to go long on a breakdown. The thought process is as follows:
🔥 The points mentioned are approximate positions, not absolute positions!
🌕 Intraday short-term:
Sideways consolidation (2983-3073) high sell low buy, not recommended as the space is too small.
🌕 Short position on a breakout from the consolidation range:
Around 3272 (short), around 3370 (short), with a stop loss of 30 points. After floating profit, dynamically adjust the stop loss, and the target take profit can be found at the lower support.
🌕 Long position on a breakdown from the consolidation range (suitable for spot trading):
Around 2843 (short-term long) Around 2772 (medium-term long position) Around 2703 (first replenishment for medium-term long position) Around 2650 (lottery-type replenishment for medium-term long position)
After completing the position, set a stop loss of 50-70 points based on the last average price.