BTC: Colosseum TraderRaiku Community Discussion Summary (23:00:10 ~ 00:00:10)

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1. The current recommendation is to remain on the sidelines and wait for a trading range to form on Monday before formulating a new weekly trading plan. The market has experienced a significant sell-off and has reached breakeven; there are currently no clear signals for long or short. Action should be taken only after the market stabilizes. 2. Position and Risk Management Recommendations: Current recommendations suggest locking in previous profits and do not recommend adding to or heavily investing in positions at this time. The focus is on risk control, maintaining a stable existing position, and waiting for confirmation of the trading range before considering further moves. While no specific profit-taking or stop-loss points are specified, the implicit risk management bottom line is the break-even point. 3. Suitable for a conservative medium-term trading style or for establishing positions after a trend has been confirmed. The current strategy emphasizes waiting for the market to stabilize and avoiding chasing highs and selling lows. It is suitable to patiently wait for the market range to form on Monday before making decisions. Aggressive short-term trading or tentative positions are not advisable, and blind operations such as "a rebound is a window to escape" should be avoided.

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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