Interpretation of cryptocurrency market on OCT 27 2022

The market continued to maintain its upward trend yesterday, and BTC finally broke through the resistance. So far, open a long position in the short term.

Please pay more attention to risk control. If the bull market's first wave starts now, the time is a bit early. If it is in the bull market, the space will not be small, so do not worry about missing the opportunity. The simplest logic is that short-term positions that have already made profits avoid losing out. Doing this is simple: raise the stop-loss price to the cost price or a point that guarantees a certain profit. As mentioned above, if it is a bull market, there is no shortage of opportunities to enter the market.

The crypto market, especially derivatives that can be leveraged with hedge mode, is full of opportunities, but our principal is limited, especially in the current market where there is no profit-making effect, keeping the principal is far more important than seizing the opportunity.

Positions still have to make a distinction, during the shock period, the more you fall, the more you buy. Low-leverage positions in the bull market belong to the long-term. You do not need to pay attention to short-term profits. What you need to pay attention to is the number of chips; But for the long position chased from the right side and leveraged positions, you need to do a moving stop-loss. If you follow the previous ideas, you can achieve risk-free profit by opening a long position this time, just set stop loss.