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The current market is really 6 every day, so many people ask me at which point to go long and at which point to go short. I honestly don't know 🤦♂️. I'm just afraid everyone will place open orders without stop loss, and one order will end up being a trap 🤦♂️. That's why I never place orders to enter the market, I only place orders for take profit, because the stop loss is already set, unless I'm watching the market.
Respect the market, if you can't execute the order, then don't do it. If you do, make sure to set a small stop loss.
The market has already gone back and forth for those who want to make big profits 😂😂😂
Currently, the market has a high probability of fluctuating over the weekend, but it's not certain. I think most people entered short positions around 3660. From a technical perspective, most analysts would say that if they didn't set a stop loss at this level, they would definitely be trapped by now. Those who couldn't control themselves might have added positions to average up around 3700, so is it possible that the market maker will push it up to liquidate the shorts? There are too many people shorting 😓.
So this market trend is really hard to trade, many times you really can't wait!
I personally suggest to wait and see, don't get stuck at certain points, don't try to predict where the market will go, don't be stubborn, wait for signals and act according to the signals. As for ETH, if there are no issues with the signals and direction, a stop loss of 15-20 points is sufficient.