December 13th Cryptocurrency Market Analysis + Crypto Information Gap
❌Rejecting the post-mortem❌ ✅Stop-loss always with you✅
The global market was in a crash state yesterday, all due to Japan's interest rate hike. Brother Qiang reminds everyone to set proper stop-losses.
In black swan scenarios, setting stop-losses correctly prevents small losses from turning into large ones. Exit and observe.
1⃣ Major Market #BTC # ETH current key support level:
--BTC, ETH: After stopping out, you can choose to observe first. No rush to open positions; volatile markets are hard to trade.
2⃣ $BTC $ETH BTC support slightly broken below the trend line. Over the weekend, the market will oscillate below. If you are not in a hurry to open positions, you can wait and observe. Conditions for opening a position are as follows: 1. An upward reversal candle must form, at least a 12-hour reversal candle before entering. 2. Watch whether BTC can stabilize around the support near 87,745. 3. If the trend is completely broken and falls below 83,986, short positions can be taken.
If this helps you, please give Brother Qiang a like 👍 + follow. All opinions are personal views only. Not to be considered as investment advice.
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December 13th Cryptocurrency Market Analysis + Crypto Information Gap
❌Rejecting the post-mortem❌ ✅Stop-loss always with you✅
The global market was in a crash state yesterday, all due to Japan's interest rate hike. Brother Qiang reminds everyone to set proper stop-losses.
In black swan scenarios, setting stop-losses correctly prevents small losses from turning into large ones. Exit and observe.
1⃣ Major Market #BTC # ETH current key support level:
--BTC, ETH: After stopping out, you can choose to observe first. No rush to open positions; volatile markets are hard to trade.
2⃣ $BTC $ETH BTC support slightly broken below the trend line. Over the weekend, the market will oscillate below. If you are not in a hurry to open positions, you can wait and observe. Conditions for opening a position are as follows:
1. An upward reversal candle must form, at least a 12-hour reversal candle before entering.
2. Watch whether BTC can stabilize around the support near 87,745.
3. If the trend is completely broken and falls below 83,986, short positions can be taken.
If this helps you, please give Brother Qiang a like 👍 + follow.
All opinions are personal views only.
Not to be considered as investment advice.