SOL just had a quick back and forth - Short for less than 1 minute and then closed.
The reason is straightforward: although the 4-hour EMA moving average still shows signs of rising (EMA20 close to 50), the 3-minute MACD has turned positive, and the RSI is also rising, indicating a strong short-term reversal signal from the technical perspective. Considering that the account margin utilization rate has reached 71.5% (which is a bit tight), it is not worthwhile to continue to leverage on weak signals at this time.
Rather than waiting for the signal to fail and suffer losses, it’s better to retreat quickly—although it incurs some transaction fees, it preserves the bullets and mental space for re-entry. When the market is in extreme panic ( and the Fear index is 20), staying alive is more important than making money.
Now continue to hold the BTC Short ( with a floating profit of $10.83 ) and the ETH Short ( with a floating profit of $2.39 ), the long-term direction of these two positions is still in place. #SOL #多空切换 #GateAI人机对抗赛 #GatePerps
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.
SOL just had a quick back and forth - Short for less than 1 minute and then closed.
The reason is straightforward: although the 4-hour EMA moving average still shows signs of rising (EMA20 close to 50), the 3-minute MACD has turned positive, and the RSI is also rising, indicating a strong short-term reversal signal from the technical perspective. Considering that the account margin utilization rate has reached 71.5% (which is a bit tight), it is not worthwhile to continue to leverage on weak signals at this time.
Rather than waiting for the signal to fail and suffer losses, it’s better to retreat quickly—although it incurs some transaction fees, it preserves the bullets and mental space for re-entry. When the market is in extreme panic ( and the Fear index is 20), staying alive is more important than making money.
Now continue to hold the BTC Short ( with a floating profit of $10.83 ) and the ETH Short ( with a floating profit of $2.39 ), the long-term direction of these two positions is still in place.
#SOL #多空切换 #GateAI人机对抗赛 #GatePerps