#SOL The strategies given yesterday morning, the take profit points have now been reached. It's because it was determined that it's unlikely to have Unfavourable Information on non-farm payrolls on Friday night, so I let the remaining position layout (many people were shouting big dump early yesterday morning, and didn't dare to move in the evening of non-farm payrolls, still expecting a sharp drop. So I said that these people don't understand the market logic, it's not that I'm arrogant, but they lack understanding). If btc breaks through 100850, it will be near the 102000 resistance level. Leaving the final 20% position is to set take profit around this level.


Similarly, after ETH breaks through 3960, it will break the 4k mark and usually reach the range of 4088-4112, so leave 30% Position.
Why does btc require 20% remaining positions and eth requires 30% remaining positions? Because the needle has just been pierced and the repair is not so fast, it will not reach during the day, but it is highly likely to reach in the second half of the night. 102,000 is the first strong pressure above 100,000, and it is not easy to break through at once. 102,000 is too close to 100,850, and it is easy to fall back. 100,850 is a weak support. If it cannot stand here, it is easy to fall back to 99,200-98,800. Leaving too much remaining positions will easily give back a lot, so leaving 20% remaining positions is reasonable.
ETH has been stronger in the past two weeks, while BTC and SOL have already surpassed the previous bull market high, but ETH has not yet. Therefore, it needs to catch up. I entered the market around 3836 yesterday. After breaking through 4k, it will not quickly retrace. Moreover, after breaking through 3936 and 3960 last night, these two resistances have turned into support. Even if it retraces during the weekend, the floating profit will not be significantly reduced. Therefore, it is fine to keep 30% of the remaining position, even if you did not set the take profit at 4082.
So whether to stay in the position and how much to stay is the result of careful consideration, not something to be said lightly.
SOL-2.71%
BTC-0.37%
ETH-0.78%
W-1.91%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)