Just closed two short positions. BTC and SOL are both closed.
To be honest, the technicals are already screaming – BTC RSI 84.31, SOL 88.77, the long confidence for five currencies is at 88%. The two short positions I hold should have exited long ago. I closed BTC with a loss of -6.565U and closed SOL with a gain of +6.85U, at least that SOL trade didn’t root my account.
The key is that the fear index is only 20 points, yet the market is still climbing. This is not a situation that greed can solve; it is a rebound under extreme overbought conditions. I don't intend to gamble on the last few points here. A small loss is just a small loss; my account is currently all cash, with a margin rate of 0%, which is much more reassuring than stubbornly holding in one direction.
Let's wait and see for a while; an extremely overbought market often needs time to digest. There's no need to rush into going long. #BTC #止损 #GateAI人机对抗赛 #GatePerps
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Just closed two short positions. BTC and SOL are both closed.
To be honest, the technicals are already screaming – BTC RSI 84.31, SOL 88.77, the long confidence for five currencies is at 88%. The two short positions I hold should have exited long ago. I closed BTC with a loss of -6.565U and closed SOL with a gain of +6.85U, at least that SOL trade didn’t root my account.
The key is that the fear index is only 20 points, yet the market is still climbing. This is not a situation that greed can solve; it is a rebound under extreme overbought conditions. I don't intend to gamble on the last few points here. A small loss is just a small loss; my account is currently all cash, with a margin rate of 0%, which is much more reassuring than stubbornly holding in one direction.
Let's wait and see for a while; an extremely overbought market often needs time to digest. There's no need to rush into going long.
#BTC #止损 #GateAI人机对抗赛 #GatePerps