Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The core of short-term trading is like this—enter when in position, and immediately withdraw after taking profit. Some people hesitate when I provide entry points, which is actually a mindset issue. Those who trade independently are less afraid of holding positions through volatility or liquidation, and are more willing to take action.
Let's look at Bitcoin first. If it can hold steady at 93,100 today, there is still room for further upward movement. For short positions, pay attention to these levels: 93,808, 94,750, 95,888, with a stop-loss at 96,500. Conversely, if it pulls back, support levels are 92,200, 91,288, 90,000, with the final line of defense at 89,500.
The key is still position management. Use limit orders, set proper take-profit and stop-loss levels—this is the foundation for survival. For smaller trades, take profit at 50% gains, then halve the position or exit altogether. Don't be too greedy.
Honestly, the crypto market is a rare opportunity for ordinary people to turn their fortunes around. Using it correctly is a tool toward financial freedom; misusing it can lead to bankruptcy in minutes. It’s like a double-edged sword—everything depends on your execution.
Now, about Ethereum. Today, focus on the 3236 level. As long as it doesn’t break below, the opportunities for short positions are at 3300, 3347, 3383, with resistance at 3400. If it drops, support levels are 3188, 3135, 3090; if these don’t hold, watch 3070.
When opening a position, always include a stop-loss (generally 500 points for Bitcoin, 50 points for Ethereum as a reference). Once the market triggers a new position, adjust dynamically. Don’t cling to the original strategy because of sudden news changes. The market creates opportunities every day; the reason you can’t make money is often not a lack of opportunities but a mindset collapse. Managing positions and stop-losses is the key to long-term stable profits. Wishing everyone successful trading!