Copy Trading Master’s Winning Strategies Review — Episode 29
Easy Follow, Smart Trade! Discover the winning strategies of our popular traders.
- Copy Trading Master’s Introduction
User Nickname: @Onlooker
Trader’s Profile: https://www.lbank.com/copy-trading/lead-trader?id=LBA3D77490
Trading Style: Swing Trading
2. Trade Operation Recap
Long ETHUSDT with 50x leverage on cross mode, opening at 3,675 USDT, closing at 4,056.88 USDT, achieving a profit of +519.56%. As shown below:
3. Trade Review
3.1 Market Background
On March 5th, data published by the U.S. ISM showed a slowdown in the expansion of the U.S. services sector for February, attributed partly to employment indicators. There was a noticeable drop in the payment price index, whereas orders and business activities saw an increase.
The U.S. ISM Services Index for February stood at 52.6, below the anticipated 53, and a slight decrease from January’s 53.4. The 50-point mark represents the line between expansion and contraction. The U.S. ISM Services PMI has consistently remained above this threshold for over a year.
On the same day, the U.S. February Markit Services PMI final figure was 52.3, marking a new low since December 2023, yet it expanded for the 13th consecutive month. The U.S. February Composite PMI final figure reached a new high since June 2023 at 52.5, continuing its expansion streak for 13 months.
On Wednesday, March 6th, the U.S. ADP Employment Report indicated a job addition of 140,000 in February, falling short of the expected 150,000 but surpassing the revised previous value of 111,000, marking the highest increase since December 2023.
On March 8th, data showed that U.S. non-farm payrolls added 275,000 jobs in February, surpassing the expected 200,000. However, the U.S. non-farm unemployment rate unexpectedly rose to 3.9%, above the anticipated 3.7%, with the labor participation rate holding steady at 62.5%.
3.2 Trade Analysis
From March 5th to March 12th, the 4-hour chart for Bitcoin showed a sharp decline followed by a swift rebound and oscillatory rise breaking past historical highs, as shown below:
On the daily chart, on March 5th, BTC rose to a new historical high of $69,000, then quickly fell to a low of $59,000, leading to a market rebound.
On March 5th, ETH rapidly ascended, marking an opportune moment to go long on ETH. As Bitcoin experienced a rapid decline, the market entered a new upward phase.
On the 60-minute chart, as the ETH price rebounded to around $3,600, it began to break higher. Prices then fell sharply near the BOLL lower band, followed by a V-shaped rebound. As the date approached March 13th (the ETH Cancun upgrade), Ethereum’s price reached $4,100 before retracting. It was then time to close positions and exit the market. As shown below:
3.3 Winning Strategies Summary
In swing trading, it is crucial to pay attention to the realization of market expectations and speculation.
Note: Personal opinion, for reference only. Opportunities and risks abound, always do your research before investing.
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