At this point
The biggest regret is telling you guys that I would release a strategy in the evening. You have no idea the pain of a chronic procrastinator!!!
I just took a look, and the last strategy was released on the 11th, it's been several days now, and it really should be written about, thank you for the supervision.
First, on the 11th in our analysis, we said to re-enter the short position at the blue path location, around 3280-3300【I made a typo, but the chart is correct】, this level was provided by the market. The long position was lost at 3100 (in fact, at that time I was watching the market, and this position didn't allow everyone to enter long), the long position near 3030 was not provided, but we entered long near 3068, and exited at a good point of 3127. Both of these trades are on the square, I have posted them.
Perfect dual position eating!
Most of you have short positions, with good positions at 3400, and second-best around 3280. When it drops to around 3080, most of you should reduce your positions, with the remaining set at break-even stop-loss, and take profits based on the market; you are free.
The current market is a waste of time, not much to talk about, a narrow oscillation between 3050-3140. The blue route hits the yellow arrow near 3140 and drops down, or goes down to find support around 3050. The red path goes straight down.
Although the market is sluggish, I still want to emphasize to you, when trading, set stop-loss orders. This market is very strange. There is a certain awkwardness. Specifically, it can be reflected in the first drop from 3446 to about 3190, about 250 points, the second drop from around 3240 to 3050, about 190 points. Logically (in terms of time), there should be a third drop without a central pivot, but it hasn't happened yet [or it can't drop further]. This is the peculiarity of the market.
Secondly, the peculiarity of interest rate cuts [US raising rates, Japan cutting rates], the strength provided by the market is insufficient. The US is hawkish about raising rates (this issue has been discussed in previous analyses); then how will Japan cut rates?
Regarding these awkward points, to protect your principal, it’s best to open positions with stop-loss. As long as the market breaks through, it will be a big trend. If the market goes against the direction of your positions, it will be very painful.
The analysis on December 11 provided both bullish and bearish positions for BNB, which are all quite good positions. These orders have also been issued in the square. Currently, the market feels like BNB is up to something, even though it is still oscillating in a small range [870-900], you can obviously feel that it can't drop further. The support around 883 is inexplicably strong.
Therefore, if you have profitable short positions, it’s best to exit first. If not, set a break-even stop-loss. The worst case is to set a final stop-loss at 905; if that position breaks, don’t hold it. The position for BNB is temporarily not provided, wait for the market to evolve and for opportunities and directions to emerge.
The garbage small index has already played dead here. This oscillation range is getting smaller, go short near 138, and go long near 124.5; these two positions have a better cost-performance ratio.
But due to that peculiarity, my advice is still to open positions with stop-loss, about 30 points for ETH, about 5 points for BNB, and the old rule of 3 points for SOL.
This Friday is the Japanese interest rate decision, the current direction of the market is actually unclear on how to choose, it’s the calm before the storm, so wait a bit, no need to rush.
The strategy is for reference only and does not constitute investment advice.
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