The recent market situation has not been good, and I've been hitting stop losses. This month, I've already retraced nearly 30% of my position. 😭 I've adjusted my mindset and will take it slow.
Currently, we are waiting for a small trend. The reason for continuously trying to go long is this. The target is $eth tp 4200 4700. The four-hour upward rebound from the last two days (since it was broken down today, it can't be called a reversal) gave hope, and I added to the position twice with floating profits. This afternoon, I hit the stop-loss and exited quickly. I expect to consider re-entering when $sol stands above 188, and to test positions when $eth stands above 3900.
Stop-loss on both sides is a necessary loss to catch the trend. No one can enter directly every time when it is a trend. Testing the position to confirm floating profits, adding positions when expectations are met, and reducing positions is a reasonable trend strategy.
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
[Market Analysis]
The recent market situation has not been good, and I've been hitting stop losses. This month, I've already retraced nearly 30% of my position. 😭 I've adjusted my mindset and will take it slow.
Currently, we are waiting for a small trend. The reason for continuously trying to go long is this. The target is $eth tp 4200 4700. The four-hour upward rebound from the last two days (since it was broken down today, it can't be called a reversal) gave hope, and I added to the position twice with floating profits. This afternoon, I hit the stop-loss and exited quickly. I expect to consider re-entering when $sol stands above 188, and to test positions when $eth stands above 3900.
Stop-loss on both sides is a necessary loss to catch the trend. No one can enter directly every time when it is a trend. Testing the position to confirm floating profits, adding positions when expectations are met, and reducing positions is a reasonable trend strategy.