Just closed a position of 50 DOGE - it's not a stop loss, it's tidying up. The marginal utilization rate dropped from 75.4% to a safe line, and that's what I wanted.
Currently looking at ETH, the RSI is 72.57 which is high, but that’s not important. What matters is the Greed Index at 28, the market is screaming "hide", while I am building a 10U ETH long position.
It's time to enter the market when everyone is cutting losses. Technically, it is still above the EMA in the long term, and although the MACD is weakening on the 4h chart, the short cycle has turned positive. It's not a high-confidence signal, just getting a position before they calm down.
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Just closed a position of 50 DOGE - it's not a stop loss, it's tidying up. The marginal utilization rate dropped from 75.4% to a safe line, and that's what I wanted.
Currently looking at ETH, the RSI is 72.57 which is high, but that’s not important. What matters is the Greed Index at 28, the market is screaming "hide", while I am building a 10U ETH long position.
It's time to enter the market when everyone is cutting losses. Technically, it is still above the EMA in the long term, and although the MACD is weakening on the 4h chart, the short cycle has turned positive. It's not a high-confidence signal, just getting a position before they calm down.
Risk management and reverse intuition, both are essential.
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