Today's $XAU long position, to be honest, exceeded my morning expectations a bit. Not because the rise was exaggerated, but because the move from 3988.05 to 4128.58 was so crisp, with returns already reaching +327.79%, and several pullbacks during the session didn't break the structure.



Earlier, I had noticed the support near XAU; when it was sold off, someone bought, and when it rallied, they weren't in a hurry to take profits. I've seen this kind of market before. What I fear most is not that it doesn't rise, but that you get shaken out back and forth before the breakout.

The real change came after breaking through the key area, with more follow-up buying starting to appear, but I didn't rush to add positions. Many mistakenly think that the higher it goes, the safer it is. In fact, the easiest time to get carried away is often when profits have just started to show.

What I'm doing now is simple: first protect my cost basis, keep a portion to see if it can continue to give more room. If you missed the low entry, don't force a chase. There are trading opportunities every day. Being able to hold onto one judgment is more important than chasing one green candle.

$BTC $ETH
BTC-0.52%
ETH-0.60%
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