Here's the translation: Let me discuss the current and subsequent potential trends of altcoins $OTHERS, along with my personal trading strategy. On May 19th, last Monday, I shared with everyone my thoughts on the subsequent trends of altcoins and trading strategy. Either directly starting a yellow line main upward wave, or following the blue line to hit a secondary high point before starting a sustained oscillating adjustment. Subsequently, the market chose the blue line approach. I personally followed my trading plan and gradually closed out my previous medium and long-term long positions between May 24-26, and reduced my spot positions. This week was mainly about finding some strong altcoins for day trading. The next key focus is the adjustment method of the blue line segment. My current spot bottom position will remain unchanged, as long as the K-line during the oscillating adjustment does not break through the [white line support in the basket], the bullish trend remains intact. But this process will be quite challenging. Many weak altcoins might drop back to the starting point of May 8th, or even lower. So on May 19th, I reminded everyone that if there was no violent surge to new highs that week, but instead a secondary high point followed by a pullback, it would be best to reduce positions and push for profit protection. However, I also want to remind everyone that the current adjustment is a weekly pullback. As long as the white line support is not broken, the market may potentially restart an upward trend after rebounding to the white line support [after a "big wash"]. Therefore, I will continue to hold my spot bottom position. Once the upward trend restarts, I will immediately re-enter long positions. If it subsequently breaks below the [white line support in the basket], I will temporarily exit and observe. As always, don't try to predict the market, just analyze and extend possible market trends. Analyzing and extending different potential trends is not to prove who is right, but to prepare [one's own trading plan and response measures] in advance. During strong upward movements, take a broader approach and trade medium to long-term positions. During oscillating markets, be less ambitious and do some day trading. When the trend clearly ends and enters a bearish market, start shorting at high points. That's all. The above is for everyone's reference.
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0x桐灿
@0xtongcan
05-19
这周的行情走势比较关键,提前和大家说下我个人的交易思路,供参考。
我自己原本是计划从这周开始分批止盈现货仓位和低倍中长多单,行情越往后,危险系数就越大。


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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