This drop woke the market right up! 📉🔥


A few days ago before bed, I was watching $XRP . It was grinding at a high level, looking like it wanted to push higher, but volume wasn't keeping up. As soon as it hit resistance, it softened, and there were no buyers on the pullback. I really didn't want to chase this fake strength.
Before the market had fully kicked off, I saw XRP's rebound getting weaker and weaker, with insufficient support. I figured the bears had a better chance, so I advised waiting until it could no longer push up before opening a short position 👀
From 1.1661 to 1.0627, this move directly gave +824.27%. The rhythm was on point 🎯💰 The grind was annoying, but once it broke out, it was really rewarding.
That's the rhythm.
Don't get emotional with profits.
As for the position, don't be greedy. First close 80% to lock in gains ✅ Keep the remaining 20% as a cost basis hedge. If it keeps dropping, let the profits run. If it bounces back, don't give back the profits you've already secured 📌🛑
If you missed it, don't chase ⚠️ Chasing can mess with your mentality. Wait for the next clear signal, wait for a retracement confirmation, and move only when a new structure emerges 🔔
$BTC $ETH
XRP2.17%
BTC3.13%
ETH3.21%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned