Interpretation of cryptocurrency market on SEP 24 2022
U.S. stocks fell sharply last night, and the crypto market was implicated, but U.S. stocks recovered some of the losses before the close, while the crypto market rebounded to where it was before the fall.
In terms of trend, U.S. stocks are weak relative to the crypto market, and this round of market is likely to be led by the crypto market. However, yesterday's fall reminded us again that going long now is just a rebound, and the market has not come out of the bear market; Although the bad news has basically been exhausted, there is no way to predict the black swan in advance.
Therefore, in terms of operation, the short position of the middle line must be eliminated on the right side, especially when some positions have been buying long, it is not for hedging,and the long position is for those who come to rebound, the short position is in line with the bear market. The long position has independent stop-loss & take-profit and operation logic, and the same as the short position; As for long position, unless it is a spot within a half-position, otherwise, as mentioned above, similar to the margin protection, moving take profit, and stop loss, risk prevention measures must be taken.
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