Looking back at the short positions bought in July, I held on for three months and cut my losses, losing $10,000. If I had held for another three months, I would have earned more than $10,000. It seems that for mainstream coins, I need to look at the monthly chart. Earning $10,000 in half a year, the average in RMB is also around 12,000.

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Don'tBeTemptedAgain

· 02-01 15:22

Look at the monthly chart

This chart displays the price movements over each month, providing a clear view of the overall trend and volatility. Analyzing the monthly data helps traders identify long-term patterns and make informed investment decisions. Pay attention to key support and resistance levels, as well as significant candlestick formations that may indicate potential reversals or continuations. Regularly reviewing the monthly chart alongside shorter timeframes can enhance your trading strategy and improve your ability to anticipate market shifts.

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