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A quick weekend recap
Total market liquidations this week were at least $4 billion+, with at least 500k+ people liquidated
It was an extremely brutal week, but our crew stayed as steady as ever!
Our strategies triggered 7 entries this week: one XAG56.8 trade exited at breakeven or a small profit, one HYPE80.9 trade is slightly underwater for now, and one BTC81600 trade is at breakeven for now; the other 4 trades all reached their first and second take-profit levels;
First, Monday's BTC81150 and ETH2415 limit orders got filled on a wick around 8:50 Tuesday morning, and the rebound that day hit 2 take-profit levels; Tuesday's SNDK limit order never hit the entry price and was canceled Wednesday; some entered the Wednesday XAU limit order at 4110 while others canceled it—this trade was definitely profitable; the XAG cup-drop entry at 56.8 on Wednesday evening exited at breakeven or with a small take-profit, with the stop at breakeven and the rest left to run; Thursday's HYPE long from the cup-drop setup at 80.9 offered 100%+ returns, but I didn't take profit and am still holding it; it's slightly underwater at the moment; Friday's BTC long entered at 81600 on the cup-drop setup, and on Saturday ETH continued with Friday's limit-order strategy; a wick this morning got us in at 2380, and the first take-profit has now been reached with $40 of room;
BTC support/resistance levels: 87550/85150/81000/78425
The small long opened at 81600 last night: if your position is small, just follow the take-profit and stop-loss plan; if your position is somewhat larger, take profit at breakeven by reducing it substantially or exiting, then look for a chance to re-enter with an initial position at a lower level; yesterday's outlook remains unchanged, and if you only have one position, you can give it a little more time;
ETH support/resistance levels: 2850/2695/2403/2345
Yesterday I suggested sticking with Friday's strategy for now and seeing if the market gave us an opportunity; woke up to find 2380 had been hit, so with $40 of room now, reduce the position and set the stop at breakeven to let the rest run;
Trading suggestions do not constitute a basis for investment: for spot, just take the opportunity if one comes; for futures, manage position size and strictly follow your take-profit and stop-loss plan; don't keep dreaming of getting rich from one trade or winning on every trade—steady, disciplined progress is the key to steadily growing your assets!
#美国9月PPI大超预期