1. The current recommended direction is to long on BTC. Pay close attention to the second breakout of the trend line to confirm a true breakout. If the first breakout is a false breakout, be wary of a pullback. Currently, we are on the "right track," and re- long position suggests upward momentum and a potential signal to add to positions. 2. Position and Risk Management Recommendations: We strongly recommend prioritizing stop-loss management, with a stop-loss level specifically set at 65178.9. This is suitable for those already holding long positions. While a take-profit point is not explicitly mentioned, we emphasize that a 5-minute candlestick closing price above the key level confirms the signal's validity. The trading rhythm is based on breakout confirmation, making it suitable for adding to positions in the direction of the trend. 3. This trading style is suitable for aggressive short-term traders and trend followers. It relies on trendline breakouts as entry catalysts, emphasizing that "the second breakout is the real breakout," and prompts quick identification of true and false breakouts for flexible entry and exit, avoiding "overtrading." The strategy emphasizes trend-following operations, with quick entry and exit being advisable.
BTC: TraderCash Community Discussion Summary (07:00:10 ~ 08:00:10)
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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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