Just a few days ago it was still holding firm, but today it's been knocked back to its original form! 📉🚨


A few days ago before bed $XRP it was still grinding sideways at a high level. The chart looks not weak, but the details are very hollow: no volume on the upward move, no one buying at highs, the bounce getting weaker and weaker.
Before the market had fully launched, I was watching XRP's upward attempts. Each time it fell short, each time it was pressed back. At a level with insufficient support like this, I prefer to wait for the short side to materialize rather than chasing the sentiment. 👀📌
After the opportunity presented itself around 1.4191, I opened a short position as planned. Now the price has come to 1.0894, with a return of +2162.32%. Anyone on the ride should know the feeling. ✅🔥💰
Good positions are waited for, not chased.
Here I'll close 80% first, take the main profit off the table, and protect the remaining 20% at cost. If it continues to drop, let the profit run; if it bounces back, don't let the gains become painful. 🎯🛑
Chasing tails is an easy way to get beaten.
If you missed it, don't chase. Chasing tails easily messes up your mindset. ⚠️ Wait for a retest confirmation, wait for the next clear signal, and then look for the next round of opportunity. 🔔
$BTC $ETH
XRP3.60%
BTC3.16%
ETH6.11%
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