Crypto News
May 2 Hot Topics:
1.Sky Community considers final proposal: Replace MKR with SKY as the sole governance token, enabling staking to earn USDS rewards.
2.Tether releases Q1 financial report: Exposure to U.S. Treasury close to $120 billion, quarterly profit exceeds $1 billion.
3.Kraken's Q1 revenue grows by 19%, driven by market volatility during the Trump era, plans to go public next year.
4.World Liberty Financial's stablecoin USD1 will be used to complete MGX's $2 billion investment deal with Binance.
5.House Republicans to release important digital asset regulatory draft ahead of key cryptocurrency hearing.
Trading Insights
In the crypto world, how to "survive" and "thrive" relies on scientific risk management as your backbone!
Precisely formulate a risk plan to strengthen your financial safety net. Before trading, clearly plan two core aspects: 1) Financial risk planning based on your total capital and off-market income situation, set reasonable single and overall risk tolerance ratios. Professional traders usually keep each trade's risk under 2%, with total monthly losses not exceeding 10%. Once the red line is reached, decisively pause trading for reflection. 2) Psychological risk planning. Trading is essentially mechanical, but emotions can influence decisions. It is essential to develop a risk plan that aligns with your psychological endurance.
Grasp the essence of risk-reward ratio to enhance trading profitability. Trading is not merely about market prediction but about precise control of the risk-reward ratio. Each trade's entry, exit, stop-loss, and take-profit should be scientifically planned. By setting reasonable stop-loss and take-profit points, clarify potential losses and profit margins to improve overall trading success rate.
Follow trends for reasonable take-profit to lock in gains and avoid drawdowns. 1) Trend judgment and position strategy. Market trends develop gradually from smaller timeframes. Traders should set different targets based on trading cycles. When a significant trend appears in a small cycle, a gradual reduction strategy can be employed to let profits continue to grow. 2) Setting take-profit targets. Establish common risk-reward ratios as reduction points. If it's difficult to predict clear target levels, reducing positions proportionally can effectively lower the risk of profit retracement due to market fluctuations.
Practice capital subtraction in trading to ensure long-term trading vitality. After achieving certain profits in the trading market, it is wise to withdraw part of the principal promptly. Market opportunities are abundant; preserving capital ensures continued market participation, laying the foundation for achieving larger profit goals.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Da Bai community this week. Congratulations to those who followed along. If your trades are not going well, you can come and test the waters.
Data is real, and each trade has a screenshot from the time it was sent.
**Search for the public account: *Da Bai Lun Bi*
BTC
Analysis
Bitcoin's daily line rose from a low of around 94050 to a high of around 97400 yesterday, closing around 96450. The support level is near the MA7 moving average; if it breaks, it could drop to the MA14 level. A pullback can be used to buy near this level. The resistance level is around 97900; if broken, it could rise to around 98900. A rebound near this level can be used to sell short. MACD shows a decrease in bullish volume. The four-hour support level is near the MA14; if it breaks, it could drop to the MA60. A pullback can be used to buy near this level. MACD shows an increase in bullish volume, forming a golden cross. A short-term buy can be made near 95500-93000, with a rebound target around 98000. A rebound near 97900-98900 can be used to sell short, targeting around 96300.
ETH
Analysis
Ethereum's daily line rose from a low of around 1790 to a high of around 1875 yesterday, closing around 1840. The support level is near the MA14; if it breaks, it could drop to the MA30. A pullback can be used to buy near this level. The resistance level is around 1865; a rebound near this level can be used to sell short. MACD shows a decrease in bullish volume. The four-hour support level is near the MA60; if it breaks, it could drop to the MA90. A pullback can be used to buy near this level. MACD shows an increase in bullish volume, forming a golden cross. A short-term buy can be made near 1765-1723, with a rebound target around 1880. A rebound near 1863 can be used to sell short, targeting around 1800-1765.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.
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