The overall rhythm this week has been quite well grasped, but last night I was played by the main force, creating a false signal for a bullish trend. Fortunately, the overall situation is still profitable, and there's no doubt about that. Last night's operation with DOGE triggered a 1% stop loss, resulting in a 200% loss under 75x leverage, but that just offsets 1 to 2 times of profit, so the impact is minimal. As for last night's BTC and ETH, if you can break even, it's better to exit quickly, as the market is likely to continue to dip over the weekend, so we will look for lower prices to enter then. There was basically no V-shaped reversal during the early morning, and the bearish strength over the weekend is expected to be stronger than the bullish side, so let's avoid the storm for now.
If DOGE was stopped out last night, then it was stopped out; don't dwell on it. For those who weren't stopped out, if the price drops significantly over the weekend, consider adding a position. A rebound will provide an opportunity to break even. So, don't panic; the weekend is a great time for you to practice your trading skills.
The support and resistance levels for BTC are: 96422, 92228, 89350, 88035, 87250, 82845. The market may continue to probe lower or squeeze long positions over the weekend, but considering the low volume consolidation overnight, the probability of a big drop is low. The short-term bullish power is still hiding, and if there is a rebound over the weekend, consider shorting.
If you have 1% of your position in BTC and DOGE, I suggest taking BTC to break even and holding DOGE for trading over the weekend.
The support and resistance levels for ETH are: 3400, 3170, 2949, 2749. This week's market has been quite volatile, with a low of 3038 and a high of 3446, a fluctuation of 400 dollars. Due to insufficient liquidity, the main force can dictate the play. Last night, I only had an initial position of ETH at 3125; over the weekend, you can trade or wait for a rebound to break even before exiting, and then re-enter at lower prices.
The support and resistance levels for DOGE are: 0.1145, 0.13, 0.137, 0.1515, 0.18, 0.23. Those who set a 1% stop loss last night have been stopped out. With 75x leverage, the floating loss is 200%, which means a loss of 2% of the position. Typically, profits are taken in batches at 1 to 3 times, and this stop loss offsets 1 to 2 times of profit, which is completely acceptable. Don't feel like the sky is falling; the principal is not affected. It's normal to have six or seven profits and one stop loss, just accept it calmly.
For those who haven't added positions or exited, if the price drops significantly over the weekend, consider adding a position. A small rebound will get you back to break even. Keep a calm mindset to deal with all problems and difficulties. Adversity is the best time to improve your trading skills; prosperity only covers up your issues. Therefore, the weekend is a great opportunity for you to identify and fill in the gaps.
Weekend suggestions: Resist the urge to act while the market is sideways. If it drops below the early morning low and shows a bottom divergence, pay special attention to the opportunity for a 1% long position. If there is a surge, watch for shorting opportunities when volume increases above 3170. For BTC, focus on the 91900 to 92228 range; if it touches this range with volume, consider shorting.
At times like this, the Emperor will lead everyone to ambush a position in $ETH, expecting to earn 200 points without issue. Friends who want to catch this big opportunity can gather in the chat room.
