Recently, a long position has nearly doubled, although the single amount is not large, only a little over four hundred dollars, but it succeeded due to strict adherence to trading discipline. This is the essence of swing trading—not relying on luck to accumulate chips, but accurately grasping the entry and exit points.
I have previously published the specific time and price for the opportunities of both long and short positions in the square. This time, the key observation point for the long positions is at the resistance level of 0.896. Once it breaks through effectively, the target above looks towards around 0.954. The opportunity here is that if the initial target is achieved, you can retain part of the position to continue holding, allowing the profits to run for a while.
But risk management is equally important—if the price breaks below the support level of 0.81, it means that the rebound has ended, and the probability of continuing to look bearish is greater. The swing trading strategy in the crypto market is fine, but the key is still the strictness of execution and setting take-profit and stop-loss levels. This is how one can achieve stable profits amidst the repeated market fluctuations.
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Recently, a long position has nearly doubled, although the single amount is not large, only a little over four hundred dollars, but it succeeded due to strict adherence to trading discipline. This is the essence of swing trading—not relying on luck to accumulate chips, but accurately grasping the entry and exit points.
I have previously published the specific time and price for the opportunities of both long and short positions in the square. This time, the key observation point for the long positions is at the resistance level of 0.896. Once it breaks through effectively, the target above looks towards around 0.954. The opportunity here is that if the initial target is achieved, you can retain part of the position to continue holding, allowing the profits to run for a while.
But risk management is equally important—if the price breaks below the support level of 0.81, it means that the rebound has ended, and the probability of continuing to look bearish is greater. The swing trading strategy in the crypto market is fine, but the key is still the strictness of execution and setting take-profit and stop-loss levels. This is how one can achieve stable profits amidst the repeated market fluctuations.