Back then, when I saw that needle, I sat up straight.

$RE That needle dropped from 0.84 to 0.40, nearly six times the move within six hours. The long-short ratio was 62% to 37%, the bears were laughing, the bulls were enduring.

Honestly, when I saw this kind of needle, my first reaction wasn't excitement, but scalp tingling.

Because my position was hanging right there. A short position, entered at 0.48, with 15x leverage.

At the time, I thought this coin just launched, liquidity couldn't support such a rapid rise, waiting to buy the dip and short. But it shot straight to 0.84, blowing me out, then fell back to 0.40 and hammered me again.

Looking back at my account, I was numb.

When I entered this trade, I was pretty confident, thinking the group’s sentiment was too crazy, everyone shouting this coin would surge to the front, but on-chain data showed big players had already started to reduce their positions in batches. I thought I was just waiting for a pullback, but unexpectedly, a single needle cleared out all the shorts before turning back.

You can understand this kind of needle, but your position can't withstand it.

Now looking back, the problem isn't the direction, but the entry point. Entering at 0.48 was too aggressive, not waiting for that needle to pierce through all the liquidity of the shorts before entering.

Shorts should consider entering above 0.60, not betting at the top during the rise. Don’t chase during the needle, wait until the needle finishes and see the liquidation zone; that’s where the risk-reward is better.

By the way, when you encounter this kind of needle, do you place an order and wait or chase directly? Share in the comments.

FOMC impact continues to ferment

After the FOMC data came out that early morning, liquidity in the crypto market was directly drained, $BTC broke below 63,000, $ETH smashed through 1,700, and the entire network lost four hundred million USD.

Under this macro pressure, the frequency and intensity of altcoin needles will only increase, funds rotate to the top coins, and tokens like $RE, which are sentiment-driven, will have larger fluctuation ranges. Making the wrong call and getting wiped out will be twice as fast as usual. Before liquidity returns, the tolerance for chasing orders is very low.