March 24 Review and Sharing

1. Around 8:20 AM saw $XAU rebound to around 4450, wanted to try shorting the bounce and catch the pullback, but saw it too late and missed the high. Felt the price range wasn't large enough so didn't enter.

2. At 11:45 noon, shorted $TAO with a small position at 312.4. Entry logic: retesting the resistance level, breaking the previous high, but with volume increase at the top and overbought signals on 1H and 4H timeframes, betting on a top. After 12:20 pulled back to around 303, reduced position at 306, left half position with stop loss at previous high 316.6, ultimately only made a meager profit. Review: The daily timeframe broke above the platform and is in a strong uptrend, shorting against the trend has poor risk-reward ratio. Should set reasonable take profit before entering, and take profits when conditions are met.

3. Watched $BTC $ETH the whole morning, it was consolidating with slight declines. Afternoon started an uptrend, at 16:45 prepared to buy back dip on BTC, later switched to buying 2159 long instead, set stop at 2149, but the next 15M candle directly hit the stop and then went up. Review: There were reversal signals around 1-2 PM noon, could have tried small position with tight stop. Rather than chasing. When able to watch the chart, can move stops, if original plan was to long BTC at 70900 with stop at 70700, pullback wouldn't have triggered the stop. Although it came down again in the evening, at least after going up would set break-even stop.

4. At 18:40 PM saw news TOKEN explained as "token", bought some meme lottery at 37, doubled entry cost + 20% profit. Left the rest to see if it can run to the moon for Alpha!

5. Got stopped out twice during the day, didn't want to enter, and current market is at an awkward middle band position with limited space up and down. Observing! #BTC突破71000美元 #行情