In the past 4-hour chart, a small pin bar has just formed, but this doesn't necessarily mean a decline is imminent. The key is that no clear top confirmation signal has appeared above. If you want to establish a short position, a more prudent approach is to wait for the 4-hour timeframe to form a secondary top pattern before entering, using the previous high as a stop-loss point. This way, the risk will be more controllable.
Regarding long positions, the strategy is simple: gradually reduce your holdings while maintaining a core position. As the price rises, simultaneously raise your stop-loss level to lock in profits gradually. Don't always fantasize about going all-in to catch the bottom or perfectly exit at the top—the market isn't that perfect. Taking a step-by-step approach can help avoid more losses.
Trading doesn't require memorizing all market patterns; mastering a few classic fundamentals is enough. Repeatedly applying these core patterns will improve your execution and make your decision-making clearer.
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In the past 4-hour chart, a small pin bar has just formed, but this doesn't necessarily mean a decline is imminent. The key is that no clear top confirmation signal has appeared above. If you want to establish a short position, a more prudent approach is to wait for the 4-hour timeframe to form a secondary top pattern before entering, using the previous high as a stop-loss point. This way, the risk will be more controllable.
Regarding long positions, the strategy is simple: gradually reduce your holdings while maintaining a core position. As the price rises, simultaneously raise your stop-loss level to lock in profits gradually. Don't always fantasize about going all-in to catch the bottom or perfectly exit at the top—the market isn't that perfect. Taking a step-by-step approach can help avoid more losses.
Trading doesn't require memorizing all market patterns; mastering a few classic fundamentals is enough. Repeatedly applying these core patterns will improve your execution and make your decision-making clearer.