#BTC has been in a whipsaw state for the past few days, with constant long wick candles going up and down. For swing traders, this kind of market is simply perfect—operating back and forth within the range, as long as you keep the rhythm steady, you can continue to harvest profits.



The key is to have a clear plan before entering the market: set your expected profit target and your tolerance for loss in your mind. It's okay to occasionally get stopped out by a sudden Long Wick Candle twice, because most of the time, the market fluctuates within a range, and the number and magnitude of profits far exceed the losses from being Whipsawed. As long as your execution is strong, it's highly likely that your profits will be greater than your losses.

As for my own "diamond hands" long position, I still choose to hold on. Although the short-term fluctuations are intense, the overall structure is not weak. From the trend perspective, it is highly likely that there will be another wave of breakout market worth looking forward to. Since the overall direction hasn't changed, I will continue to hold on tightly and wait for the breakout to discuss further.
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