Brothers and sisters, I am back from my trip, and it's still great in Guangdong.
Analyzing the current market: During the early hours, the cryptocurrency sector experienced a black swan event, and this drop is comparable to March 12 and May 19, with over 6 billion USD in liquidations. I cleared all my positions three days ago, and I only made a few thousand dollars from this wave in the early morning. The reason was that my network was lagging at the time, and I had a large amount of funds in my Binance account. At that time, the Binance platform crashed, and I didn't manage to shoot all my bullets out! Let's analyze the current market situation; it is currently a corrective consolidation after an oversold condition, but we still maintain a bearish overall trend. Today we focus on the 3950-4000 range, where we can build short positions in batches. We aim for a take profit around 3700, with a 60-point stop loss. ( Additionally, I advise everyone to take profits quickly on this wave of altcoin mainstream if you have made a profit! )
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.
Brothers and sisters, I am back from my trip, and it's still great in Guangdong.
Analyzing the current market: During the early hours, the cryptocurrency sector experienced a black swan event, and this drop is comparable to March 12 and May 19, with over 6 billion USD in liquidations.
I cleared all my positions three days ago, and I only made a few thousand dollars from this wave in the early morning. The reason was that my network was lagging at the time, and I had a large amount of funds in my Binance account. At that time, the Binance platform crashed, and I didn't manage to shoot all my bullets out!
Let's analyze the current market situation; it is currently a corrective consolidation after an oversold condition, but we still maintain a bearish overall trend. Today we focus on the 3950-4000 range, where we can build short positions in batches. We aim for a take profit around 3700, with a 60-point stop loss. ( Additionally, I advise everyone to take profits quickly on this wave of altcoin mainstream if you have made a profit! )