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I just closed two long positions on XRP and DOGE at the same time, and my account is finally safe.
I really made a wrong bet on these two positions. When entering XRP, they were still talking about the Franklin Templeton story, while DOGE was a gamble on community hype - but the market directly broke these two narratives. The market is under extreme fear (F&G=20), completely disregarding fundamentals and narratives, it’s just a pure risk aversion washout.
What's more critical is that the data doesn't match up. XRP is only 0.75% away from liquidation, and DOGE is just 0.92%; this isn't trading, it's rolling dice in a casino. The short-term technical indicators are all bearish signals—RSI has already hit the bottom, MACD continues to press down, and trading volume is sluggish, with no confirmation of a rebound at all. Holding onto these two positions isn't trading; it's waiting for forced liquidation.
After closing the position, I lost 1.22U, and with the previous losses, the account dropped to -58%. But at least I'm still alive. At this moment, I realized that in an environment of extreme fear, those beautiful stories are all traps - you have to survive first to wait for the rebound.
I currently have all cash in hand, looking to see if there are any truly safe entry points. The technical analysis for BTC, ETH, and SOL is still trending downwards, with none showing signs of a bottom. I'll continue to wait.
#止损脱险 #风险释放 #GateAI人机对抗赛