A new week has begun. I previously called for a long position in crude oil at 73, and it has now surged to 109. It suddenly dawned on me why An An hadn't been trading crude oil futures contracts.
The reason is simple: with the current escalation of geopolitical conflicts, crude oil prices are bound to continue to surge. If AnAn were to launch crude oil contracts now, the platform would suffer huge losses.
Once the Strait of Hormuz is about to reopen and the oil price surge reaches its peak, An'an should launch a contract. At that time, we can simply short it.
The market has fallen for three and a half days in a row, basically returning to its original level. Many people are asking: Will there be a rebound this week?
That's how the market is right now. It can rise by over $10,000 in four or five days, and then fall by nearly $10,000 in three or four days. Every time you think liquidity has returned, the market always gives you a different answer. Every time you want to invest heavily, you either get trapped or your account is liquidated.
Things are changing too fast! If you don't use stop-loss orders and manage your position size, contract trading is basically a guaranteed path to ruin. You must change your pre-Lunar New Year mindset of "heavy positions, quick exits." The market moves even faster now; if it doesn't give you a chance to exit, you'll only be passively taking losses.
Controlling your position size is to leave room for correction if you're wrong, rather than having to liquidate your entire account if you're wrong.
Using a stop-loss order is to exit the market before a breakout occurs, not to hope for a recovery after a breakout. Once a breakout occurs, it often means that a loss of thousands or even tens of thousands of dollars has been opened up, and without a stop-loss, the only outcome is a margin call.
BTC
Bitcoin is currently around 66,200. As long as it holds above 65,600 on the weekly chart and doesn't break the strong support at 62,800, it has a chance to test the resistance level of 73,800 this week. If it breaks below 62,800, the bears will continue. On the daily chart, the MACD histogram is shortening, indicating weakening downward momentum, but the RSI is still below 50, suggesting limited upside potential.
Trading suggestion: Buy on a long to 66000-65500, stop loss at 65000, target 67510-68000, break through to 68600, short on short.
ETH
Ethereum's daily chart shows price fluctuating between 1900 and 2137, currently consolidating mainly between 1900 and 1960. The MACD is below the zero line, and the RSI has entered oversold territory, indicating a short-term rebound demand, but the rebound strength may be insufficient.
Trading suggestion: Buy on a long to 1930-1910, stop loss at 1880, target 1970-2000, break through to 2036, short on short.
$NAORIS
The first order of the day has been placed. Currently, the market is severely overbought with insufficient volume, so the main players will likely shake out weak hands before pushing the price up again. I'm operating contrarianly, with a clear rhythm; follow along and we'll all be in for a treat.
Lobster
Lobsters are everywhere these days, their popularity is off the charts, can they go even higher? It feels like everyone's already on board, have you? It's a classic case of the great way being formless yet possessing form, using the intangible to drive the real.
