This wave of long positions starting from the bottom at 87,000 has shown some interesting patterns.



The current movements of BTC and ETH suggest that the position at point 2 is very likely to evolve into an amplified version of position 1. What does this mean? The key to future trading opportunities lies in the performance at position 2—whether it breaks upward or downward, that critical candlestick is the true signal.

Waiting for this breakout signal to appear will significantly increase the success rate of re-entering the market. Instead of trading frequently, it's better to patiently wait for a more certain entry point.

Honestly, from the bottom at 87,000 up to now, I have already taken some profits on this long position. The main reason is to protect the profit curve—large drawdowns can severely damage the overall account performance. It's better to lock in gains first and wait for a clearer signal before re-entering. Although this approach might cause us to miss some of the upward movement, it effectively controls risk and makes the capital curve more stable.
BTC-0,99%
ETH-2,2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
tokenomics_truthervip
· 01-07 10:49
Taking profit is also a gain. This logic has no flaws; I'm just worried about my mentality breaking during a crazy surge later on.
View OriginalReply0
ruggedNotShruggedvip
· 01-07 10:43
The wave at 87,000 was indeed caught, but now I can't quite hold this position.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)