Many people are curious about the 1605 long order, why the stop loss is set at 1600? Is the stop loss too tight?
In fact, because 1600 is a strong support and resistance level on the 4-hour chart, if it holds, the market can continue to rise. If it breaks, the market will be in a bearish state. A small stop loss can be used to bet on a continued rebound, but unfortunately, the market is not strong. If it doesn't hold above 1600 during the day today, then this rebound at 86500 and 1690 will be the endpoint. #近期热币
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Many people are curious about the 1605 long order, why the stop loss is set at 1600? Is the stop loss too tight?
In fact, because 1600 is a strong support and resistance level on the 4-hour chart, if it holds, the market can continue to rise. If it breaks, the market will be in a bearish state. A small stop loss can be used to bet on a continued rebound, but unfortunately, the market is not strong.
If it doesn't hold above 1600 during the day today, then this rebound at 86500 and 1690 will be the endpoint.
#近期热币