Oh my god, has BTC really stabilized above 90,000? I was worried it might retrace earlier, but it just accelerated straight up, now reaching the resistance level of 94,000-95,000. Honestly, as a newcomer to the scene, I was a bit confused by this kind of movement, but after reading some analysis, I think I understand a little better — turns out that after a breakout, it often retraces to test support. This is really useful knowledge for beginners!
What surprised me even more is that the Meme coin sector dominated today😆 PEPE actually doubled in value. The spot holdings I was trapped in now have a chance to break even! Plus, coins like EPIC and BCH also surged quite strongly. But to be honest, seeing so many coins take off together makes me both excited and a little anxious, worried about making the wrong judgment and getting caught.
I want to ask everyone, as a beginner, how should I judge which trends are genuine reversals and which are just short-term rebounds in this kind of market? Also, how should I set take profit and stop loss levels so that I’m not too greedy but also not overly conservative? These details seem especially crucial, so I hope some experts can give me some advice~
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Oh my god, has BTC really stabilized above 90,000? I was worried it might retrace earlier, but it just accelerated straight up, now reaching the resistance level of 94,000-95,000. Honestly, as a newcomer to the scene, I was a bit confused by this kind of movement, but after reading some analysis, I think I understand a little better — turns out that after a breakout, it often retraces to test support. This is really useful knowledge for beginners!
What surprised me even more is that the Meme coin sector dominated today😆 PEPE actually doubled in value. The spot holdings I was trapped in now have a chance to break even! Plus, coins like EPIC and BCH also surged quite strongly. But to be honest, seeing so many coins take off together makes me both excited and a little anxious, worried about making the wrong judgment and getting caught.
I want to ask everyone, as a beginner, how should I judge which trends are genuine reversals and which are just short-term rebounds in this kind of market? Also, how should I set take profit and stop loss levels so that I’m not too greedy but also not overly conservative? These details seem especially crucial, so I hope some experts can give me some advice~