FOLKS, regarding this wave of market, my view is that entering short positions with a Light Position will be more prudent. The integration with Ledger Live on December 19 and the roadmap for 2026 released on the 12th, along with the $15 million incentive plan, all sound impressive, but to be honest, these are all long-term matters. xChain V2 has not really landed yet, and the current rise is frankly just driven by emotions, without any solid performance support.
From a technical perspective, the rebound strength on the 4-hour K-line is getting weaker, the MACD red bars lack strength, and trading volume is still shrinking. The overall downward trend has not been reversed, and the bulls have little hope of continuing the relay.
In terms of operations, $7 is my stop-loss position—set very strictly. Once it breaks through this point, it indicates that this wave of speculation will continue, and I should immediately take my profits and run. After all, the core of trading with a Light Position is to manage the risk and not let a wave of correction wipe out the account. The cryptocurrency market is inherently volatile, so one must be aware of their own risk tolerance; being cautious is never a mistake.
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.
15 Likes
Reward
15
4
Repost
Share
Comment
0/400
0xTherapist
· 6h ago
No matter how fancy the roadmap is, it’s useless. Shrinking trading volume is the real truth. That’s also how I see it.
View OriginalReply0
AmateurDAOWatcher
· 12-23 08:54
It's this "long-term favorable information" routine again, sounds nice, but it's actually useless. Short positions are indeed more stable, and I think so too.
Wait, can 7 dollars really hold? It feels easy to get washed out.
Light Position plays with this mentality, don't be greedy, staying alive is more important than anything.
Emotional speculation has been played for suckers time and again, when will we learn?
Setting the stop loss so tight is understandable, but it feels like this FOLKS coin is a bit too fragile.
View OriginalReply0
MEVHunterZhang
· 12-23 08:43
Ha, you're right, this round of FOLKS is just an emotional market, the fundamentals are a complete mess.
---
Future favourable information is just a guise, who believes it when it hasn't landed yet?
---
Setting a stop loss at 7 is very strict, that's the correct way to play.
---
The volume is shrinking, the rebound is weak, short positions are indeed a safer choice.
---
That news about Ledger fizzled out after the hype, it's time to wake up.
---
Holding a light position to short is much smarter than stubbornly holding on; the account must stay alive to keep playing.
---
xChain V2 feels like it's going to fail, this coin might dip again.
---
With such poor technicals, there are still people buying the dip? Truly commendable courage.
---
Risk control first, making money second; many people have reversed this, which is why they got liquidated.
---
This wave of speculation is too hot, it will eventually return to the fundamentals.
View OriginalReply0
MevHunter
· 12-23 08:26
The roadmap sounds beautiful, but will it really be implemented? It's still a long way off, just pure hype without any real support.
FOLKS, regarding this wave of market, my view is that entering short positions with a Light Position will be more prudent. The integration with Ledger Live on December 19 and the roadmap for 2026 released on the 12th, along with the $15 million incentive plan, all sound impressive, but to be honest, these are all long-term matters. xChain V2 has not really landed yet, and the current rise is frankly just driven by emotions, without any solid performance support.
From a technical perspective, the rebound strength on the 4-hour K-line is getting weaker, the MACD red bars lack strength, and trading volume is still shrinking. The overall downward trend has not been reversed, and the bulls have little hope of continuing the relay.
In terms of operations, $7 is my stop-loss position—set very strictly. Once it breaks through this point, it indicates that this wave of speculation will continue, and I should immediately take my profits and run. After all, the core of trading with a Light Position is to manage the risk and not let a wave of correction wipe out the account. The cryptocurrency market is inherently volatile, so one must be aware of their own risk tolerance; being cautious is never a mistake.