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On September 10, today’s trading plan is laid out directly for everyone.
First, looking at the market, the Bollinger Bands are narrowing on the 4-hour chart, and the market is moving sideways within a range rather than in a one-way trend. In this kind of market, don’t chase rises or sell into declines; place orders at key levels and wait for the market to come to you.
ETH is currently fluctuating around 2460. We have two strategies:
Short directly in the 2500–2515 range, add once at 2560, set the stop at 2585, and target 2450–2420.
Go long at 2420, add at 2376, set the stop at 2350, and target 2460–2480.
There is profit potential on both sides, so take advantage of the swings in this range-bound market.
Bitcoin is currently around 78000, so we’ll also set up positions in both directions:
Go long below 77000, add at 75500, set the stop at 75000, and target 78500–79500.
Short above 79000, add at 81000, set the stop at 81500, and target 78000–77000.
With this strategy of shorting at high levels, we’ve already caught the move during our livestreams for three consecutive days!
Let me emphasize again: use 50x leverage, keep your position size at 3%–5%, and strictly set a stop.
The biggest fear in a range-bound market is failing to hold positions and trading too frequently. Once you identify the range, wait patiently and only act when the price reaches the levels.