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The day before yesterday, I recommended the XNY asset at the 0.0036 level, and it has now risen to 0.0052. From the entry price to the current level, the increase is nearly 50%. Friends who followed along earlier have basically caught this wave.
But the gains are already quite substantial, and the current strategy should be to make steady moves. The several target levels that have been reached have basically been fulfilled. At this point, reducing positions to lock in profits is the wise choice. The market is like this—greed is often the beginning of losses.
The logic moving forward is very clear: as long as we can hold the 0.0052 support, there is still room for upward movement. The next target level to watch is 0.0056, followed by 0.006, 0.0066, and 0.007 within the target range. However, the market changes rapidly, and whether these levels can be reached is uncertain; we still need to observe as we go.
I want to honestly say—two days ago was the safest entry point. Chasing higher now involves greater risk. For those who haven't reduced their positions yet, having a solid stop-loss plan is crucial to prevent the profits earned from being wiped out during a pullback.
Risk always comes first. The goal is to maximize returns with minimal risk, not the other way around. The fundamental logic of trading is to be steady and to keep making money, not to go all-in on a single shot.
These are my personal opinions, for reference only. Please make decisions based on your own risk tolerance. Profit and loss are your own responsibility.
Now I really can't bring myself to cut my position; every time I do, it rebounds. I need to prepare my mental state properly.
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Hold steady at the support level and move upward. There's nothing wrong with that, but how many can really do it?
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Buying in the day before yesterday was indeed enjoyable. Now, everyone is just a bagholder mentality. Be more clear-headed.
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Stop-loss is easy to say but hard to do. Most people only remember it when they are losing money.
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I can't see 0.007. At this point, you should consider capital preservation.
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The worst thing is when the gains look good and you start to get cocky, only to be slapped in the face by a quick pullback. I've seen too many of these.
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Friends who haven't reduced their positions really need to be cautious. Turning profits from paper wealth into total loss can happen in an instant.
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That's right, greed is truly the biggest taboo in trading.
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Brothers who bought in the day before yesterday have made a profit. Still want to chase the high now? Then get ready to catch flying knives.
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Reducing positions to lock in profits is easier said than done; it all depends on who can resist greed.
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If you hold at 0.0052, there might still be hope later, but entering at the current price definitely carries more risk.
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Stop-loss plans should be prepared in advance; otherwise, you'll regret it when the pullback happens.
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Steady trading > all-in for quick riches. Everyone understands this principle, but how many can really do it when the market arrives?
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There are also levels like 0.0056 and 0.006 to watch, but the market is so unpredictable that no one can say for sure.
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The safest entry points have already passed; now it's mainly about how not to incur losses.
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For those still holding on without reducing their positions, they need to prepare psychologically.