Mr. Coin's Message: The essence of trading lies in the ability to find opportunities, plan before taking action, and strategize. This has always been the key to Mr. Coin's success in the market. Many people fail due to chaotic operations, lack of planning, and most importantly, heavy losses resulting from overexposure, locking positions, holding onto losing trades, and not using stop-loss orders. The root cause is often a lack of clear thinking, fear of missing out on market movements, following the wrong trades, following the crowd, and having a poor mindset, resulting in small gains and large losses. Therefore, it is important to think carefully before taking action. Only positions that have been carefully considered can be entered. Aggressive positions leave one in a dilemma between long and short, either catching the highest or lowest point, resulting in large price differences. Reluctance to use stop-loss orders can only lead to holding onto losing positions. Stable positions allow for profitable exits and timely exits.

BCH, the prince of coins, showed relatively weak rebounding momentum today, and the short-term trend remains weak and volatile, with the current price near 383.3. Looking at the 4-hour chart in the short term, the price is near the middle and lower Bollinger Bands, and the short term has given a pullback signal. There is a risk of further decline below 380, so all coin friends are advised to be prepared. The strategy still leans towards short positions. Pay attention to the resistance around 390-400. Consider entering short positions if given the opportunity. For adding positions, pay attention to 412, with a stop-loss at 417, and a target profit near 373. Pay attention to timely profit-taking.

LTC, Litecoin, also showed relatively strong performance compared to other small coins today, with the price reaching a resistance at 74.18. The short-term rebound has temporarily slowed down the retracement pace, but if it cannot break through the daily midline resistance at 75.5, the downward trend is expected to continue. There is a possibility of testing the 75.5 level in the short term, so watch for the situation after the breakthrough. Pay attention to the key resistance at 79.5. For subsequent rebounds, consider entering short positions with a light position. Set stop-loss and target profit near 72.5.

FIL, from a daily perspective, the short-term trend is in a weak consolidation phase, with the range continuously moving downwards. Focus on the resistance at 4.6-4.75. Without a strong rebound breakthrough, the pattern of oscillating downward remains unchanged, so be cautious of the price continuing to decline. Pay close attention to the support at 4.1. If it breaks, there is a possibility of further downward movement. Be prepared in advance, and consider short positions if it breaks through.

The strategy is for reference only, and positions have a time limit. There is a delay in posting, so please refer to real-time market conditions for specifics. Once again, emphasize the importance of risk control. No matter how confident you are in your judgment of future market trends, always set stop-loss and take-profit levels!

This article is exclusively written by the senior analyst Mr. Coin. The author has been researching and investing in the financial market for many years, mainly analyzing and guiding operations in the BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin contract spot markets. The mentor has a solid theoretical foundation and practical experience, excels in combining technical and fundamental analysis, emphasizes capital management and risk control, and adopts a steady and decisive operational style. Widely recognized by the majority of investment friends for being easygoing and responsible, as well as for sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, please follow the mentor.

- This article is written by Mr. Coin in the coin circle, refusing to plagiarize, respecting originality!

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