XMR: Summary of discussions in the wwg community (01:00:10 ~ 02:00:10)

This article is machine translated
Show original

1. Current Recommended Direction XMR currently recommends a cautious long, which is a "trial entry" in nature. The focus should be on the MH (bullish pullback) retest opportunity. There are no strong upward overextension or obvious pullback signals yet. The operation is biased towards low-level trial and error, and does not pursue explosive surges. 2. Position and Risk Management Recommendations: It is recommended to participate with a small position and maintain strict stop-loss orders. Exit promptly if a stop-loss signal is triggered. Emphasis should be placed on protecting principal and controlling drawdowns to avoid significant losses from over-leveraging. Given the volatile market at the beginning of the month, it is not advisable to gamble with large positions. 3. The strategy is suitable for a combination of conservative medium-term and aggressive short-term trading, emphasizing quick entry and exit and avoiding overtrading. In the current environment of significant "choppy" fluctuations, it is not advisable to pursue home runs. Capital protection should be prioritized, and it is suitable to flexibly adjust positions and wait for clear trend signals.

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.
Like
Add to Favorites
Comments