Today is Wednesday, June 12, 2024. The recent market has been falling continuously, which is beyond my personal expectations. However, I still say that there is no market that only falls and does not rise. Rebound is just a matter of time. Based on previous experience, this wave of decline is more like a secondary correction at the weekly level. After the correction, a good wave of rising market should start. After all, there should be news about Ethereum ETFs soon. When the market starts to fall, the news we see is that the whale transfer the currency to the exchange, causing retail investors to panic and sell their stocks. However, I do have some ideas for this wave of decline. It is necessary to summarize the bad points. When the short-term reverse error is obvious, I should withdraw in time and operate after seeing it clearly. In fact, in the wave of deep pinning two days ago, some of the currencies I placed orders were traded, and I also sold part of the position when it rose. This is relatively good. I did not wait for the market to continue to pin and then rebound quickly like before, but chose to take profits in time. However, there is also a place where I did not do well enough. I felt that there might be another wave of correction in the short term. Generally, after the deep pinning, the market will continue to fall. As for the daily chart level or the four-hour level, the rebound after the decline is particularly critical, and it is also the key time node for short-term withdrawal of band positions!
Many times, at critical points in our operations, we are easily dominated by our emotions, which affects our rational judgment. The best way to avoid this situation is to make a trading plan in advance. What I mentioned above is that I did not do well this time, which is that I did not have such a plan in advance. So in the future, for this trend that is completely inconsistent with my short-term predictions, if I am wrong, I am wrong. I must withdraw in time and adjust my position to a more risk-resistant position, instead of still fantasizing that the market will develop in the direction of my ideal route!
I believe that the sluggish market is only short-lived, and this opportunity is also a good opportunity for us to build positions one after another. It may be a bit tiring, but I believe that this year will definitely be a better year than 2022 and 2023. This year's big market may come after this wave of correction. Let us wait and see!
Yesterday's BN new project IO was launched, which was relatively strong. Some time ago, BN's IEO projects, led by EDU, soared. You thought it was too high and dared not chase the rise. Now most of the varieties have returned to the starting point. If you don't buy it now, do you have to wait until it rises before chasing it? Always remember the secret of profit! Buy at the decline, of course, here refers to the bull market cycle, we are currently in the bull market cycle!
In addition, there are still about ten minutes until 8:30 tonight. There should be relatively large fluctuations before and after the data is released. The more critical thing should be the signal released by the Federal Reserve after 2 o'clock tomorrow morning. Personally, I expect that the market has already responded in advance, so the corresponding rebound probability is still relatively large. Even if there is still a decline, there is no need to be afraid! It is also a good idea to place an order at a low level and try to connect the pin!
Everyone will feel lost at times, and the best solution is to get started! Only when you are on the road of action, you will know what you will encounter along the way. If you don’t set out, you will never get an ideal result! So, again, just do it!
The same is true for the market. The decline will eventually end, and a rebound or even a reversal will eventually come. Don't fall before dawn! I believe that this year 24 is the year when the bull market will begin. Hold on firmly and wait for the flowers to bloom!
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