Bitcoin plummets today, is it a better time to enter a position? How to cover your position after be

Today, the currency circle has plummeted. BTC, Ethereum, and SOL have fallen by 5.8% and 7.5% respectively. After a round of sharp rises and falls, SOL has fallen by as much as 10%. Regarding the decline of the three big brothers of Bitcoin, many people wonder whether the bull market is over?

In my opinion, the bull market is not over yet. There is a saying that goes well: Every time Bitcoin falls, it is to bring more people on board, and a big one may be in the making.

Every time it falls, it is the best opportunity to test the self-examination token! I believe that most people will create a self-selected watch list! Among them, compare the decline, compare the track, and compare the projects! For example, the tracks that have been relatively resistant to falling recently are:

Mainstream public chains, such as#SOL#AVAX #FTM

For example, the tokens that have been relatively resistant to falling recently are:#ZRX#GAL#CYBER#SSV (these are in our self-selected library)At the same time, we compare projects horizontally, on the same track, and compare horizontally to select the best among the best and select the leader that the market considers. Don't waste every drop. Every drop is a key accumulation of energy for the next jump. Instead, find the key currency to accumulate energy. In this way, your excess income will be far ahead of others!

Recent good news in the secondary market

1. CYBERCyberconnect recently launched the L2 solution and conducted a second season airdrop. Referring to the rebranding cases of BEAMX (yuan MC) and VANRY (yuan TVK) projects, the currencies have experienced a good rise after the name change. (PDA has also recently been replaced as a renamed token)

2.SUIPlayBeyond: SUI Game Summit on March 20. The CEO of CCP Games will speak. The scene of Sui ecosystem is worthy of our participation

3.MASKMask Network proposes USD 100 million in ecological constructionMASK staking campaign is launching soon, offering stakers a potential airdrop of ecosystem tokens

4. APTAptos will announce the agency’s partners. Villain’s Idle RPG” is expected to launch as a demo or alpha version on March 27.

5.AVAXAvalanche will attend GDC 2024 with the Maple Universe team. Details about the MapleStory universe are expected to be announced on the 20th. MapleStory is expected to become the leader in GAMEfi

6.ZKPolyhedra is scheduled to be listed on OKX on March 19. ZK + interoperability + new coin narrative. Invested by Binance Labs, the ZK airdrop event was conducted through the Binance Web3 wallet. (Token has potential listing on Binance)

How to cover your position after being trapped (technical teaching)

What should you do if it doesn't rise immediately as you expected after buying it? Some people like to cover their positions, but the more they cover, the more they get trapped. When should they cover their positions? What do they need to pay attention to when covering their positions?

1. The price is above the EMA 5-day line, and the 5-day line is above the 10-day line.

(1) If the trap does not exceed 3 points, you do not need to cover the position. If you step back on the 5-day line and do not fall below it, it will rise again, and you will have the opportunity to unwind or make a profit. (2) If it exceeds 3 points, you can cover the position at the 5-day line price to reduce the cost to close to the 5-day line, and the probability of unwinding the profit is high.

2. The price is between the 5-day line and the 10-day line, and the 5-day line is above the 10-day line.

(1) If the price falls below the 5-day line, the loss will not be stopped immediately. If you continue to be optimistic about the market outlook, you can step back on the 10-day line to cover your position, reducing the cost to below the 5-day line. If you counterattack and break through the 5-day line, hold the currency. To be raised. (2) If it falls below the 10-day line, if you continue to be optimistic and have the patience to hold the currency in the medium and long term, you can cover your position in batches after being away from the 10-day line by more than 5-10 points. Reduce the cost to close to below the 10-day line, wait for the counter-draw to the 10-day line, and sell the position to cover the position first.

3. The price is below the 5-day line and the 10-day line, and the 5-day line crosses or is about to cross the 10-day line.

(1) If you are trapped and the 5-day line crosses the 10-day line, then when it falls to the 30-day line, you can cover your position near the lifeline to reduce the cost below the 10-day line. If the counter-draw breaks through the 10-day line and the 5-day line is golden cross at the same time, you can continue to hold. See the homepage for exchanges.

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