The price is showing a key support around 945, which coincides with the previous pullback support zone. If you plan to break through the upside, it’s advisable not to chase the high too eagerly and wait for a candle close confirmation. Many people cannot wait for the 2-hour confirmation, and even lack patience for the 1-hour candle close, which can easily lead to a passive position.
For long positions trapped around 955, there is now an opportunity to consider reducing some of the holdings. If the market breaks through directly upward without loss, that would be ideal, allowing a safe exit. But if it doesn’t move up quickly, reducing your position in advance can ease the subsequent psychological pressure and help better control emotional fluctuations.
The key is not to hold positions that cause you significant mental stress. Trading tests not only technical analysis skills but also, more importantly, emotional management. Some people analyze the direction correctly but, due to oversized positions and psychological strain, they cut losses early and miss out on profits. Proper position management often protects your capital and mental state better than frequent trading.
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ruggedNotShrugged
· 13h ago
It's the same old argument about waiting for the right moment to close, speaking casually. But when it comes to the market, I panic like everyone else. I've learned that the key is to manage your mindset well at critical moments and not blow yourself up.
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WalletManager
· 13h ago
The support level at 945 is indeed solid, but honestly, there are still too many people chasing highs now... They don't even have the patience to wait for the 2-hour close. How can such position management skills survive long-term?
For those brothers who are trapped at 955, I seriously suggest reducing your positions. Don't wait any longer... Once your mindset collapses, all technical analysis becomes useless. I've seen too many cases where the analysis was correct, but they were forced to stop out due to oversized positions.
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APY_Chaser
· 13h ago
Really, just like my previous experience of being trapped, once my mindset collapses, analyzing again is useless.
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GateUser-a606bf0c
· 13h ago
That's so true, mindset is really more important than technique. I was wiped out because I had too large a position before, and I still regret it.
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MevHunter
· 13h ago
945 is indeed a critical level, but to be honest, most people can't wait two hours for confirmation. I've also seen too many impatiently chase higher only to be reversed...
For the brothers caught in 955, reducing some positions is indeed a wise choice. Don't stubbornly hold on.
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MiningDisasterSurvivor
· 13h ago
I've been through this system before. In 2018, I was completely trapped and wiped out this way. Waiting for a 2-hour confirmation? Haha, most people can't wait at all; their mindset collapses early.
The price is showing a key support around 945, which coincides with the previous pullback support zone. If you plan to break through the upside, it’s advisable not to chase the high too eagerly and wait for a candle close confirmation. Many people cannot wait for the 2-hour confirmation, and even lack patience for the 1-hour candle close, which can easily lead to a passive position.
For long positions trapped around 955, there is now an opportunity to consider reducing some of the holdings. If the market breaks through directly upward without loss, that would be ideal, allowing a safe exit. But if it doesn’t move up quickly, reducing your position in advance can ease the subsequent psychological pressure and help better control emotional fluctuations.
The key is not to hold positions that cause you significant mental stress. Trading tests not only technical analysis skills but also, more importantly, emotional management. Some people analyze the direction correctly but, due to oversized positions and psychological strain, they cut losses early and miss out on profits. Proper position management often protects your capital and mental state better than frequent trading.