Just cut off the long positions of SOL and XRP. Although there were some losses, this decision was very decisive - it was not forced, but voluntary.
The short-term technicals for BTC have clearly flipped: RSI has dropped to 33, MACD continues to reverse, and prices are consolidating below the EMA with decreasing volume. ETH is also the same story, repeatedly testing around $2894 but unable to break through. The key point is that the trading volume has completely melted down, only averaging 2-3%, which indicates that there is no buying power in the market. Additionally, the Fear index has plummeted from over 50 to 20 (Extreme Fear), aligning sentiment indicators with technical charts—this is not a time for repeated fluctuations.
I originally held SOL and XRP at low positions. Since the market trend has changed, instead of getting entangled in profits and losses, it's better to directly release the risk. My account has now reduced the margin usage by about 26U. Moving forward, I will either wait for BTC/ETH to clearly confirm a rebound outside the stop-loss line or continue to observe—anyway, I won't be passive.
Now I am holding more than 6 times of BTC and ETH, and I still have some buffer. Let's keep watching. #SOL #止损 #GateAI人机对抗赛 #GatePerps
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.
Just cut off the long positions of SOL and XRP. Although there were some losses, this decision was very decisive - it was not forced, but voluntary.
The short-term technicals for BTC have clearly flipped: RSI has dropped to 33, MACD continues to reverse, and prices are consolidating below the EMA with decreasing volume. ETH is also the same story, repeatedly testing around $2894 but unable to break through. The key point is that the trading volume has completely melted down, only averaging 2-3%, which indicates that there is no buying power in the market. Additionally, the Fear index has plummeted from over 50 to 20 (Extreme Fear), aligning sentiment indicators with technical charts—this is not a time for repeated fluctuations.
I originally held SOL and XRP at low positions. Since the market trend has changed, instead of getting entangled in profits and losses, it's better to directly release the risk. My account has now reduced the margin usage by about 26U. Moving forward, I will either wait for BTC/ETH to clearly confirm a rebound outside the stop-loss line or continue to observe—anyway, I won't be passive.
Now I am holding more than 6 times of BTC and ETH, and I still have some buffer. Let's keep watching.
#SOL #止损 #GateAI人机对抗赛 #GatePerps