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Position Management for Cryptocurrency Newbies If you are a gambler who loves poker, likes big ups and downs, likes excitement, and likes short-term pleasure, you probably won’t consider position management; ⭐If you are burdened with foreign debts and online loans are pressing you for money every day, you probably don’t have the patience to learn position management. All you want is the belief and fantasy of getting rich quickly. ⭐If you are an old investor, have actually lost money, been hurt by the market, and experienced the pain of several margin calls, you probably already have your own position management awareness and experience. ⭐Most of the people who die in this market do not die because of strategy failure or technical garbage, but because of mistakes in position management, or they die from opening with heavy positions, or they die from increasing their positions.
$BTC Anything can happen in one night. The breakout of the bullish triangle structure came earlier than expected. The 96500 resistance level has been broken through, and re-establishing above it sets the next resistance at around 98900. It's currently not advisable to chase long positions. Short positions can be monitored again near 96564-97500, where there is both a horizontal resistance and an ascending trendline resistance, forming a double resistance zone. Use a stop-loss strategy, trade with light position size and no pressure. The two CME futures gaps are still below.
$BTC Anything can happen in one night. The breakout of the bullish triangle structure came earlier than expected. The 96500 resistance level has been broken through, and re-establishing above it sets the next resistance at around 98900. It's currently not advisable to chase long positions. Short positions can be monitored again near 96564-97500, where there is both a horizontal resistance and an ascending trendline resistance, forming a double resistance zone. Use a stop-loss strategy, trade with light position size and no pressure. The two CME futures gaps are still below.
$BTC Extreme liquidity exhaustion with a prolonged sideways consolidation; a major move may be coming? Structurally, there is an ascending triangle consolidation pattern at the end of a daily-level downtrend, which generally has a good probability of breaking out. If the breakout occurs, a significant upward surge could follow. However, considering external factors, the scenario might be a sharp rally after the breakout, followed by a sudden drop triggered by news (e.g., Trump launching a new military action against Iran).
As long as the pullback stays above 88000, the rebound trend will continue!
Regardless, a major move is coming again! Position management first!
$BTC Extreme liquidity exhaustion with a prolonged sideways consolidation; a major move may be coming? Structurally, there is an ascending triangle consolidation pattern at the end of a daily-level downtrend, which generally has a good probability of breaking out. If the breakout occurs, a significant upward surge could follow. However, considering external factors, the scenario might be a sharp rally after the breakout, followed by a sudden drop triggered by news (e.g., Trump launching a new military action against Iran).
As long as the pullback stays above 88000, the rebound trend will continue!
Regardless, a major move is coming again! Position management first!
$BTC Extreme liquidity exhaustion with a prolonged sideways consolidation; a major move may be coming? Structurally, there is an ascending triangle consolidation pattern at the end of a daily-level downtrend, which generally has a good probability of breaking out. If the breakout occurs, a significant upward surge could follow. However, considering external factors, the scenario might be a sharp rally after the breakout, followed by a sudden drop triggered by news (e.g., Trump launching a new military action against Iran).
As long as the pullback stays above 88000, the rebound trend will continue!
Regardless, a major move is coming again! Position management first!
$ZEC Friends who shorted around 449 as instructed, if still holding, 373 major support has been reached, you can take profits now. Focus on swing trading! For future ZEC, only pay attention to short opportunities and abandon long positions at low levels. Shorting levels remain at the two resistance levels mentioned in the reference post (449, 474), with stop-loss unchanged (above 490).
At the two resistance levels above, 449 and 474, you can consider entering short positions (you can enter in two parts as well). Regardless of which of the two levels you choose for shorting, the stop-loss should be set above the 4H purple uptrend line (currently above 488).
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At the two resistance levels above, 449 and 474, you can consider entering short positions (you can enter in two parts as well). Regardless of which of the two levels you choose for shorting, the stop-loss should be set above the 4H purple uptrend line (currently above 488).
Inserted 3052.43, given around 3051 for needle insertion, 'around' means in the live stream it was mentioned that there's a buffer of 3-4 points up and down, no need to be too strict, if you don't get it due to bad luck, don't worry—wait for the next opportunity, this area can normally be used once more.
🔥 Update: Be cautious of potential violent downward liquidation of Ethereum due to news events
🌕 If not scalping short-term rebounds, skip the intermediate support rebounds and directly place orders at 2865-2883, with 2785-2823 ideal for lottery-style additional purchases (double position size for top-up)
🌕 For those scalping short-term support rebounds, the key rebound levels are: 3051, 2964, 2910
There's a 3-4 point buffer around these levels; no need to be too precise.
Manage your position size properly; your liquidation price should not exceed 2400.