Looking to make steady profits in this market cycle? Try this trading approach.
**Range-bound rhythm**: When the price repeatedly oscillates between $3280 and $3350, the main strategy is to sell high and buy low. The key is to set strict stop-losses, recommended within the $50–$80 range. Enter and exit quickly, and avoid betting on a big move to hold your position, as this often leads to losses.
**Breakouts are the opportunity**: Once the price effectively breaks above $3350 (remember to watch the trading volume), you can lightly go long, targeting $3400–$3450. Conversely, if the price drops below $3260 with increased volume, the shorting space is between $3230 and $3200.
**No signals, just wait**: If the price is hovering around the midline with no significant change in volume, the wisest move is to stay put. Wait for a genuine breakout signal before acting. Maintaining a calm mindset increases the chances of making profits.
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GweiTooHigh
· 7h ago
It's that old phrase "light position follow-up" again. It sounds nice, but in reality, it's just gambling on a breakout.
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Lonely_Validator
· 7h ago
Buying high and selling low sounds simple, but in practice, it's easy to get caught. I think the key depends on trading volume; otherwise, it's all in vain.
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ForkTongue
· 7h ago
It's the same range trading theory again. Last time I heard about the 3280-3350 zone, I went all in, and what happened? I got cut directly. There's nothing wrong with the theory, but when it comes to execution, some people just can't resist the temptation.
Looking to make steady profits in this market cycle? Try this trading approach.
**Range-bound rhythm**: When the price repeatedly oscillates between $3280 and $3350, the main strategy is to sell high and buy low. The key is to set strict stop-losses, recommended within the $50–$80 range. Enter and exit quickly, and avoid betting on a big move to hold your position, as this often leads to losses.
**Breakouts are the opportunity**: Once the price effectively breaks above $3350 (remember to watch the trading volume), you can lightly go long, targeting $3400–$3450. Conversely, if the price drops below $3260 with increased volume, the shorting space is between $3230 and $3200.
**No signals, just wait**: If the price is hovering around the midline with no significant change in volume, the wisest move is to stay put. Wait for a genuine breakout signal before acting. Maintaining a calm mindset increases the chances of making profits.