Recently, I've been watching Bitcoin's price movement. It's currently oscillating around 93,500, and I executed a wave trade at an average price of 93,700 earlier. To be honest, this position is a bit awkward. The portion of my position that I added at 94,510 is watching gains evaporate. If I continue holding, my floating losses will only keep growing.
Rather than stubbornly holding on, it makes more sense to seriously consider reducing my position. But this isn't capitulation—quite the opposite. This is classic "sell high, buy low" thinking. 94,510 was already a relatively high level from before, and if the price drops but can't break back through, it indicates that the risk at this level genuinely exists.
I might as well close out this portion of my position. This way, I can lock in the profits from the previous wave trade while avoiding the uncertainty of short-term volatility. Once the price firmly stabilizes above key resistance levels, I can then comfortably re-enter with fresh capital. After operating this way, my overall holding cost actually decreases while my profits become more stable. In a market with such large fluctuations, this kind of balance between "letting go and seizing" often becomes the key to making money.
The logic with ETH is roughly the same—wave trading mentality is the right approach.
Recently, I've been watching Bitcoin's price movement. It's currently oscillating around 93,500, and I executed a wave trade at an average price of 93,700 earlier. To be honest, this position is a bit awkward. The portion of my position that I added at 94,510 is watching gains evaporate. If I continue holding, my floating losses will only keep growing.
Rather than stubbornly holding on, it makes more sense to seriously consider reducing my position. But this isn't capitulation—quite the opposite. This is classic "sell high, buy low" thinking. 94,510 was already a relatively high level from before, and if the price drops but can't break back through, it indicates that the risk at this level genuinely exists.
I might as well close out this portion of my position. This way, I can lock in the profits from the previous wave trade while avoiding the uncertainty of short-term volatility. Once the price firmly stabilizes above key resistance levels, I can then comfortably re-enter with fresh capital. After operating this way, my overall holding cost actually decreases while my profits become more stable. In a market with such large fluctuations, this kind of balance between "letting go and seizing" often becomes the key to making money.
The logic with ETH is roughly the same—wave trading mentality is the right approach.