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A brief summary of Swing Trading on the medium term:
The downward wave is the most difficult market to trade. It is best to take a short order at the top, and then go long at the fish body and tail. Because it comes down from the peak, the part that just comes down from the highest point is a very sharp price drop, just like riding a cable car down the mountain. The initial part of the descent from the peak is the most intense, and you will feel the most excitement. It starts to stabilize in the middle, and the fluctuation slows down.
For example, Sol is most aggressive when it gets dumped at the peak of 188-196, dropping by about 30 points in one go. Below 157, it typically fluctuates by about 10 points on a daily basis. Yesterday, within 24 hours, it dropped from 184 to 158, a decrease of 26 points, which is 10 points higher than the usual maximum daily drop, but the rebound was only 11 points. Therefore, this range easily traps the chips entering the market.
From this, we can summarize a bit about SOL's medium-term and Spot contracts: after the pullback from the high point above 190, do not enter the 180-170 range resolutely, or you will be trapped if you run slowly. You can directly take short orders to 162-158 to close all positions, then enter the long side at a lower level to swing trade more steadily, with much less risk. As for Spot, you can only enter below 138.
Similarly to BTC, every time it rebounds to around 70000, pull back to the range of 68800-66000 and do not enter the long position. Instead, hold the high short position until reaching the strongest support near 62300-63300, close the position, and then consider going long in the short term. At this time, the risk of going long is not as high, and it is safe to enter or exit. As for spot, you can only enter below 58200.