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BTC has been in a volatile whipsaw state these past few days, constantly making long wick candles up and down. For swing traders, this market condition is simply perfect—trading back and forth within the range, as long as they maintain their rhythm, they can continuously harvest profits.
The key is to have a clear plan before entering the market: the expected profit target for each trade and the tolerance for losses should be set in your mind. It's okay to be stopped out by sudden Long Wick Candles a couple of times, because most of the time, the market oscillates within a range, and the number and magnitude of gains are far greater than the losses. As long as you have strong execution, making a profit greater than the losses is highly likely.
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, there is a high probability of another 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.