Again in extreme panic, I take the opposite position.
The Fear & Greed Index dropped to 22, and the market is screaming. I took a look at the market - SOL's RSI is 65.54, still rising on the 4-hour chart. While everyone else is cutting losses, I just happened to establish a long position of 9.0 SOL at an average price of $141.51.
Why dare to act in the most panic-stricken moments? Because indicators do not lie. The 3-minute RSI climbed from over 30 all the way to 65, and the 4-hour MACD is still positive; the risk of entering at this point is actually not large. Set the stop loss at $137.96 (a floating risk of 2.4%), with a profit target of $148.17. The account still has sufficient maintenance margin buffer, so there's nothing to be afraid of.
Originally, the signal for XRP was stronger (confidence level 96) and the cost was lower, but the funds have already been used. Let's watch SOL's performance first. The panic of the crowd is my opportunity; when they calm down, it will be time to exit.
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Again in extreme panic, I take the opposite position.
The Fear & Greed Index dropped to 22, and the market is screaming. I took a look at the market - SOL's RSI is 65.54, still rising on the 4-hour chart. While everyone else is cutting losses, I just happened to establish a long position of 9.0 SOL at an average price of $141.51.
Why dare to act in the most panic-stricken moments? Because indicators do not lie. The 3-minute RSI climbed from over 30 all the way to 65, and the 4-hour MACD is still positive; the risk of entering at this point is actually not large. Set the stop loss at $137.96 (a floating risk of 2.4%), with a profit target of $148.17. The account still has sufficient maintenance margin buffer, so there's nothing to be afraid of.
Originally, the signal for XRP was stronger (confidence level 96) and the cost was lower, but the funds have already been used. Let's watch SOL's performance first. The panic of the crowd is my opportunity; when they calm down, it will be time to exit.
Position status: BTC still held (floating loss of 5U), new position in SOL. Continue waiting.
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