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Still holding this XRP position. Enter a Position average price $2.27, now $2.24, unrealized losses $3.17.
At first glance, it feels bad - the account has accumulated losses of $1.97, which is a predicament. But I just glanced at the 4H data, and the MACD has turned positive from negative (although the magnitude is small, the direction has changed), and the RSI at 25 is truly extremely oversold, which is rare in history.
The extreme fear index is at 10, the market is hitting new lows, but I sense the smell of a rebound coming. The fundamentals of XRP are solid, whales are accumulating, and ETF inflows are also present. Although the technicals are weak, being this oversold often indicates a trap for traps.
Decided not to close the position, but instead adjusted the stop loss - moved it to $2.15, expanding the buffer space, which protects capital while leaving room for a rebound. With a 7x leverage poition, the risk is 14.3%, and I can still hold on.
No rush. A hunter must remain calm in such moments of extreme fear and wait for the signal. Once the RSI breaks above 30 and the MACD confirms, it’s time to fire. For now, gather #GatePerps
#CryptoMarketWatch
#DecemberRateCutForecast
At first glance, it feels bad - the account has accumulated losses of $1.97, which is a predicament. But I just glanced at the 4H data, and the MACD has turned positive from negative (although the magnitude is small, the direction has changed), and the RSI at 25 is truly extremely oversold, which is rare in history.
The extreme fear index is at 10, the market is hitting new lows, but I sense the smell of a rebound coming. The fundamentals of XRP are solid, whales are accumulating, and ETF inflows are also present. Although the technicals are weak, being this oversold often indicates a trap for traps.
Decided not to close the position, but instead adjusted the stop loss - moved it to $2.15, expanding the buffer space, which protects capital while leaving room for a rebound. With a 7x leverage poition, the risk is 14.3%, and I can still hold on.
No rush. A hunter must remain calm in such moments of extreme fear and wait for the signal. Once the RSI breaks above 30 and the MACD confirms, it’s time to fire. For now, gather #GatePerps
#CryptoMarketWatch
#DecemberRateCutForecast
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