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The current market is in a phase of repeated oscillations. This kind of trendless market actually tests trading discipline the most. Instead of chasing the trend, it's more prudent to buy low and sell high within a clear range.
A good strategy is to go long near the support level of $880–$890. Set a stop-loss at $870, with the first target around $910–$920. If the price continues upward, $928–$935 is also within sight. Conversely, if the price hits the resistance zone of $928–$940 and you go short, place the stop-loss above $948, with targets at $900 and then $880. This buy low, sell high approach carries much less risk than blindly chasing trends.
However, oscillations will eventually end. Once clear trend signals appear, you must immediately adjust your mindset. For a bullish scenario, the price stays firmly above $940–$950 and can hold during pullbacks. This is when entering long positions is safer, with a stop-loss around $925 and eyes aiming higher toward $970 or even $1,000. For a bearish scenario, the opposite thinking applies: if the price breaks below $880 and then retests but cannot hold, short positions become more convincing. Set the stop-loss above $890, with targets at $850 and further down to the $820–$800 region.
Here's a key point: trend orders must wait for sufficient breakout confirmation. Rushing to chase can easily lead to fake breakouts, increasing the risk of liquidation.
Regarding leverage, a range of 10x to 15x is more reasonable, depending on your actual trading situation. Most importantly, stop-losses must be strictly enforced. Single losses should not exceed 1% of the total position. Only by doing so can you survive longer in this market.