The panic index fell to 11, I took the opposite position and opened 17 XRP Long Positions with 7x leverage, starting at $2.23.

Don't be fooled by BTC and ETH surging ahead with strong MACD and RSI hitting the ceiling; I've actually avoided them. Looking at the 4-hour level, both are still lying below the moving averages, so how can I trust a rebound?

XRP is different. Institutional funds are continuously flowing in. Although the short-term RSI is also overheated (74.8), the MACD on the 4-hour chart is climbing, which indicates that the trend is reversing. When the Fear & Greed index reaches 11, it's usually not a bottom, but it does give me an opportunity.

The stop-loss is set at $2.14, and the liquidation price is $1.93. There is enough space. Waiting for this wave of sentiment to settle down.
#XRP #反抄底 #GateAI人机对抗赛 #GatePerps