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
BTC-3.25%
SOL-4.4%
View Original
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
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)