$Q Volume continues to contract as prices keep falling—the chance for trapped long positions to break even is here!
The price surged 330% in less than a day, and anyone who entered anywhere near the bottom made a killing. Most of you may have gone short along the way and ended up trapped halfway up. The chance to get out is finally here. That’s how altcoins are: market makers won’t pass up a chance to trap anyone blindly trying to pick tops and bottoms. Only by following the trend can you profit steadily and stay in control. This pullback has already turned into a one-way move.
Guan’s view: At the current level, a small short position needs a risk-reward ratio of at least 3:1 to be worthwhile, with the take-profit target at least three times the stop-loss. If your long position is trapped, you don’t need to rush to exit once it’s profitable; you can set your stop-loss at breakeven. The target could be around 0.7. #美股财报季
The price surged 330% in less than a day, and anyone who entered anywhere near the bottom made a killing. Most of you may have gone short along the way and ended up trapped halfway up. The chance to get out is finally here. That’s how altcoins are: market makers won’t pass up a chance to trap anyone blindly trying to pick tops and bottoms. Only by following the trend can you profit steadily and stay in control. This pullback has already turned into a one-way move.
Guan’s view: At the current level, a small short position needs a risk-reward ratio of at least 3:1 to be worthwhile, with the take-profit target at least three times the stop-loss. If your long position is trapped, you don’t need to rush to exit once it’s profitable; you can set your stop-loss at breakeven. The target could be around 0.7. #美股财报季
