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FARTCOIN August 16th 10 PM Strategy:
1. Short Selling: a. 1.1247~~1.0828 open short positions in batches, protection level: 1.15
Remember to open a short position only after a bearish candle appears on the 4H chart, and to observe when a bullish candle appears.
b. Lock in profits near 0.9452 by reducing half of the position, move the protection level down to the cost price.
2. Go long: a. Build positions in batches near 0.96~~~0.93, protection level: 0.90
Remember to open a long position only when the 4H candle closes bullish; remain on the sidelines during bearish candles.
b. Lock in profits near 1.08 by halving the position and move the protective stop to break even.