Recently, I took a loss on the CC coin, but upon reflection, this might actually be an opportunity. After analyzing the subsequent trend, there is a chance to break through the key resistance level of 0.2 in the short term (two to three days).
Currently, the position is around 0.148, and the risk-reward ratio for short positions here is quite favorable. If you want to go long, you can consider building a position around 0.12, with a stop loss controlled at about 10% for safety.
However, it’s important to note that if a short position does not show profit after entering, do not hold on. When it’s time to exit, you must make a decisive decision. Don’t hold on to small losses out of reluctance, as it could lead to being trapped. In trading, taking timely stops is often much more profitable than stubbornly holding on.
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NFTArchaeologist
· 7h ago
Talking about stop-loss again, it sounds good, but when it really comes to losing money, who can actually do it?
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ponzi_poet
· 13h ago
0.12 to build a position? I think we should wait a bit longer. There might be a pullback before this rebound reaches 0.2.
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BearMarketMonk
· 13h ago
Losses are just paying off debts; the best textbooks of the market are often written in your account.
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AirdropBlackHole
· 13h ago
0.12 at this level is really attractive, just worried it might be a trap again
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SeeYouInFourYears
· 13h ago
0.12 to enter? This guy's really bold. I was knocked down at this exact spot last time, and I almost lost my composure.
Recently, I took a loss on the CC coin, but upon reflection, this might actually be an opportunity. After analyzing the subsequent trend, there is a chance to break through the key resistance level of 0.2 in the short term (two to three days).
Currently, the position is around 0.148, and the risk-reward ratio for short positions here is quite favorable. If you want to go long, you can consider building a position around 0.12, with a stop loss controlled at about 10% for safety.
However, it’s important to note that if a short position does not show profit after entering, do not hold on. When it’s time to exit, you must make a decisive decision. Don’t hold on to small losses out of reluctance, as it could lead to being trapped. In trading, taking timely stops is often much more profitable than stubbornly holding on.