Pay attention to the strong flying stocks recently, which have made it difficult for the short team with both funding and RSI. Normally, stocks with RSI reaching 96 or 98 will sell off quite strongly, enough for people to accept being deducted funding while holding their shorts for big profits. But...



For example, $Myx yesterday, the MM pushed for the order to be matched right before the funding time and then changed the time to bite the funding over 40% volume. If I closed early, I wouldn't have made much profit, but seeing the RSI high, I let it float and held the position; in the end, thousands of % still returned to entry. It turns out that if I set a stop loss at entry, I would have lost both the fee and the funding.

I see the peak, connecting the two fibos, both are in a critical state, just want to short 1 order and turn off the machine to wait for a pick-up, but with the MM driving like this, I suddenly doubt life. In these times, wise people face difficulties, greed doesn’t even allow greed. This year has been frustrating.

#VanMei
MYX1.15%
CHO-3.78%
TRC1.79%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
PureWindvip
· 09-10 03:36
The market maker said: I can operate the market, what can you do about it? At such a high price, I don't believe you dare to go long, hurry up and start shorting, little brother and little sister, hahaha.
View OriginalReply0
ZhuMillionvip
· 09-09 04:09
Last night the RSI of myx was 99.9, so the technical indicator is not useful.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)