Ambush Notes Review, although the bears are strong, for someone like me who plays support and resistance, when I encounter a position, I have to act. On the 9th, I commented in the section about 2160-40, and it directly broke down to around 1990, resulting in a loss of nearly 400%. However, at that time, it was the first dip, and some coin friends panicked, so I mentioned that there was no problem because a rebound was certain. On the 10th, it rebounded to around 50, and I made a slight profit, but due to greed and a lowered mental risk alertness, I didn't sell. In the end, I still stopped out at around 300%. This is the reason I never hold positions for a long time; as a retail investor, one must always respect the market and be alert to risks. Support and resistance can only adapt to short-term trends; long-term trends are only in the hands of money, as only money can change trends and create a herd effect among retail investors. 1966-15 was also a support level, so why didn't I act? Because compared to the previous bearish candles, the drop of the 4-hour bearish candle at that time was not enough. You can compare the drop magnitudes of various breakdowns in the chart I drew, so 1800 is our ambush focus. This morning, I still shouted to enter long at 1800 in the square, but what I received was indeed ridicule.
Due to the strong bearish momentum in the past two days, it has been difficult to trade because I really can't guess the ups and downs, so I can't trade like the experts who can go long or short and make over a thousand points. As mentioned in the square, one cannot get rich overnight; one can only make a living. If it continues to break down, then I will see support around 1700-1650, because the magnitude of the next breakdown won't be very large; it should be what we call the inertia brake of a jump. If the car is going too fast and you want to stop, it will still slide a bit forward. In the short term, because the market changes quickly, we won't elaborate too much here. Ok, that's the market for today. I wish everyone good luck, and welcome everyone to join the community. If there are any changes in the market, we will notify everyone in the community as soon as possible. Follow the public account: Ambush Notes.
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