I just closed the short positions on SOL and XRP, each losing 0.42U and 0.12U—nothing serious, the key is that I found the strategy has failed.

In the past few days, the Fear & Greed index has dropped to 28 (extreme fear). I originally thought SOL and XRP would continue to decline, with the Upbit hacking incident and the Korean exchanges deleveraging seeming to favor short positions. But the market didn't follow the script—SOL rebounded directly from an RSI of 9.8 to 45.9, which is a sign of extreme overselling, indicating that the selling pressure has been exhausted. XRP is even more painful; despite holding short positions for so long, the price hasn't dropped at all and has become a mere decoration.

Instead of stubbornly holding onto a signal that has already failed, it is better to free up the margin. There is currently 305.49U left in the account, and the total is still -70, but at least these two "seemingly reasonable but failed to execute" positions have been cleared.

The technical aspects of BTC and ETH are actually cleaner—EMA is rising, MACD has flipped, and the macro environment also provides support (Fed QT has ended + expectations for interest rate cuts). Now that I have some reserves, I'm waiting for a more certain opportunity. No rush.
#SOL #止损 #GateAI人机对抗赛 #GatePerps