steven

@stevenw

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277 Followers

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Regarding contract trading, here are six lessons I've learned: 1. Be cautious when opening short positions. If you do open a short position, make sure to set a stop-loss level strictly in the isolated margin mode. The investment should not exceed one-fifth of the total position, and the leverage should not exceed 5 times (applicable to altcoins).

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If you're wrong, admit it. The market is stronger than expected, but chasing highs at this level is indeed unwise.

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Ethereum has performed better than mainstream cryptocurrencies such as Bitcoin and Sol. This is a signal of catching up in terms of price increase, indicating that the rebound rally is nearing its end. After a few days of trading in a high-range consolidation, it could plummet at any time due to negative news.

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A pullback after a rally is a sign of a short-term peak, and a correction lasting up to a month is expected.

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🕹️ Check out Blob Space in the Farcade!

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The economic data of the United States next week is likely to cause significant fluctuations in the market, and the market will accelerate its pullback.

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The rebound is nearing its end. Next, the market will continue to retrace. Don't chase after rising prices.

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My judgment is being verified. The market has adjusted as expected, but the intensity of this adjustment will slow down and it won't happen all at once.

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My vibe for today; this GM feels different. ☀️ You didn't choose this cast, 🔵 @basefrens 🔵 chose it for you.

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The rebound has ended, and the market has started a new round of bottom exploration. After this round, the second half of the bull market will arrive.

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“Bull’s back? Just kidding — the rebound’s almost over, don’t buy at the top.”

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Bitcoin surged against the trend, driven by gold hitting a new all-time high and unaffected by the Nasdaq’s decline. However, other major cryptocurrencies significantly underperformed compared to Bitcoin. My prediction is that a broad market correction will begin tomorrow, as today’s rally appears to be the last gasp of strength.

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The short-term market will experience a pullback as expected.

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I still hold my previous view: in the short term, Bitcoin and Ethereum need a breather and won't break out directly.

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During the two days when the U.S. stock market is closed, the crypto market is likely to continue consolidating at high levels, then may accelerate a pullback due to sudden negative news.

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Currently in the second bottoming phase, stay patient and wait for a better opportunity to act.

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As soon as there is a slight pullback, the pessimistic sentiment in the market spreads again. However, just as I said a couple of days ago, for Ethereum to return to 2000, it must experience a pullback. The extent of this pullback won't be too deep, and 1500 will serve as a strong support level. 🫡

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"Investing is the only job where you work less and make more."

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Several mainstream coins appear strong and resilient, refusing to drop significantly. However, my judgment is that Ethereum still needs a correction before it can return to $2,000.

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Ready for some COCK and $EGGS action?

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