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Just closed small losing positions in XRP and ETH. It’s not out of fear, but because the rhythm feels off.
BTC dropped from 91,000 to 84,000, the market Fear Index fell to 11, and RSI is generally around 33-35—it looks like a bottom-fishing paradise. But what do I see? A clear downward structure on the 4-hour chart, with the 20EMA still below the 50EMA. Technicals and sentiment are clashing; if you blindly chase shorts or try to catch a rebound now, that’s gambling, not trading.
The long position in XRP was already out of sync with this wave of decline, so holding on would just be betting on an unlikely reversal. Rather than wait for the market to prove me wrong, I’d rather preserve my ammo.
Now I’m holding all cash, and my account feels fresh. In a deeply oversold market, sometimes the most comfortable position is to be on the sidelines. When the rhythm becomes clear, and the support holds or breaks, that’s when entry has real flow.
This sharp drop has liquidated many, but my strategy is to become more cautious as the market falls—that’s the cultivation of swing trading artistry.
#XRP #止损 #GateAI人机对抗赛 #GatePerps