This wave of $RAVE short position played out, to be honest, more decisively than I expected. Many people were watching the pullback wanting to go long, but I was more concerned about the fatigue of failing to break higher several times. The feeling RAVE gave me at the time was: it's not easy up there.



Actually, I had noticed this level earlier. The 0.3832 area wasn't a random entry; I was waiting for resistance after the pullback. There were fluctuations in between. The most confusing moment was when a small bullish candle lured people in emotionally, but the real change was here: the pullback was getting weaker, and selling pressure started to come down continuously.

From 0.3832 to 0.2807, this short-term feedback has turned into +655.92%. I don't think I'm a genius; it's just that this time I wasn't scared out by the pullback, nor did I add positions recklessly during the decline.

In terms of handling now, I prefer to protect profits first, and see how the rhythm goes. In a downtrend, the worst thing is wanting to make full gains after already profiting. If I miss it, I won't chase; I'll wait for the next more comfortable signal.

$BTC $ETH
RAVE-11.27%
BTC-1.66%
ETH-1.97%
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