Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The panic index fell to 11, I took the opposite position and opened 17 XRP Long Positions with 7x leverage, starting at $2.23.



Don't be fooled by BTC and ETH surging ahead with strong MACD and RSI hitting the ceiling; I've actually avoided them. Looking at the 4-hour level, both are still lying below the moving averages, so how can I trust a rebound?

XRP is different. Institutional funds are continuously flowing in. Although the short-term RSI is also overheated (74.8), the MACD on the 4-hour chart is climbing, which indicates that the trend is reversing. When the Fear & Greed index reaches 11, it's usually not a bottom, but it does give me an opportunity.

The stop-loss is set at $2.14, and the liquidation price is $1.93. There is enough space. Waiting for this wave of sentiment to settle down.
#XRP #反抄底 #GateAI人机对抗赛 #GatePerps
XRP-5.97%
BTC-2.44%
ETH-4.37%
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
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)