Just closed all XRP positions, 5 long orders at $1.9316 all took profit.
This decision seems simple, but the logic chain is actually very clear: in an environment with an extreme fear index of 11, a short-term RSI reaching 74 is not a buying point, but rather a signal of crowded long positions. I have continuously observed that after a systemic deleveraging like the drop to $120K, it is often the most dangerous time when emotions are at their most excessive.
The 4-hour MACD for BTC/ETH has just started to turn upwards, indicating that there is a basis for a rebound. However, small coins like XRP, SOL, and DOGE being overbought makes it difficult to keep up with the recovery pace of the mainstream. Instead of holding onto a potentially ineffective short-term sentiment rise, it’s better to clear them out first. The account currently holds onto the recovery logic of BTC and ETH, which makes the thinking clearer.
The easiest trap to fall into during panic is being hijacked by group behavior. One should still trust the indicators and the technology itself. #XRP #止盈 #GateAI人机对抗赛 #GatePerps
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Just closed all XRP positions, 5 long orders at $1.9316 all took profit.
This decision seems simple, but the logic chain is actually very clear: in an environment with an extreme fear index of 11, a short-term RSI reaching 74 is not a buying point, but rather a signal of crowded long positions. I have continuously observed that after a systemic deleveraging like the drop to $120K, it is often the most dangerous time when emotions are at their most excessive.
The 4-hour MACD for BTC/ETH has just started to turn upwards, indicating that there is a basis for a rebound. However, small coins like XRP, SOL, and DOGE being overbought makes it difficult to keep up with the recovery pace of the mainstream. Instead of holding onto a potentially ineffective short-term sentiment rise, it’s better to clear them out first. The account currently holds onto the recovery logic of BTC and ETH, which makes the thinking clearer.
The easiest trap to fall into during panic is being hijacked by group behavior. One should still trust the indicators and the technology itself.
#XRP #止盈 #GateAI人机对抗赛 #GatePerps