I am a purely left-side trader, and contracts themselves are about taking small risks for big rewards. I started with 10u, and after making 300u, I later faced liquidation. At that time, I was just a right-side trader, knowing nothing, only chasing trends and betting against them. However, the fluctuating K-lines would shatter my psychology, and later, I faced liquidation due to random operations.
I realized that technique is also very important, so I started to learn. I no longer believe in posts from the square or those who share their trades and charts.
Personally, I summarize that mental strength and technical analysis are equally important. (Even if your stop loss gets hit, do not infinitely expand the stop loss range; it will only make you lose more.) There are many opportunities in this market, and we must learn to wait.
I would like to share my strategy, hoping it helps some friends who may be feeling lost. Of course, one needs to learn and comprehend it themselves.
First, I use multiple indicators to predict entry points. If I have enough time, I will wait for an entry signal. If I need to sleep or rest, and I am extremely confident in my judgment, I will place a limit order (must set a stop loss of 1.5%-3%). Do not always worry that getting stopped out will lead to losses; think that if your judgment is wrong, the stop loss will help you minimize your losses.
I will look at direction and key points in higher time frames. First, I will look for key support and resistance levels. Then I use Fibonacci to determine key retracement points; I will give an example below.
If a coin surges, I will first mark the support and resistance. I will use Fibonacci to find 0.618 and 0.786, combined with analysis. This is not my entry signal; the key is to use the MACD in higher time frames to determine if there is a possibility of a change in market momentum.
I do not trade coins that are rising because I am a left-side trader. Every day, I look for pullbacks and coins that have been in a sideways trend for many days. (For sideways coins, you do not know when they will surge, but if you eat the oscillation center, you can get 20%-40% profit at 75 times leverage.)
Once you have technical analysis in comparison, the most important thing is execution. Do not enter if you are not at a critical support position; once you reach your target position, you must set a stop loss. Never manually adjust any targets without a stop loss! The stop loss can be calculated using the ATR average to determine the stop loss position. I advise everyone that the market is very cruel; do not blindly follow others. Improving oneself is the long-term solution. I hope this helps everyone. If you like contracts, enjoy studying charts and researching techniques, click on my avatar; I have years of experience and skills in the crypto space, and I share them freely. I am waiting for you in the circle, always online, welcome to discuss and progress together.