Coin Emperor: Be bold at the top in July! 70,000 seen.

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3 hours ago

Update on July 1st early morning

When we are laying out short positions during the day, a new low has already appeared and the market is in a short-term rebound, but the strength is insufficient; what we need to do immediately is to place our stop-loss orders! This prevents getting trapped in a deep loss when the level is broken! The core trading skill is to remain confident in your entry points and to try as much as possible using low-cost methods! Once the market attempt is successful, the gains will be substantial! The cost price of this position is approximately around 59400, and the new low was around 59200 at that time! After we completed the defense, we immediately determined the levels we were about to attempt below! Around 58300, in less than half an hour of holding, we directly captured a 1000-point rebound opportunity!

The strategy for this position is very simple; some brothers must have sold off before, so we will continue to layout around this short-term 583000 area. However, it is getting late, so if positions are held overnight, we need to defend around the previous low. If you feel the profit rebound is sufficient, exiting early is also fine; any method is reasonable as long as you are satisfied with your decision! No worries!

For more official exciting operations, follow: Coin Emperor

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