Just closed the XRP long positions and locked in a profit of $0.44.
This order is not a greedy take profit—it's a risk signal flashing red. Let me explain what I saw:
The extreme fear index has dropped to 16, BTC has already broken below $95k, and the market is experiencing broad selling pressure. My XRP long positions used 3x leverage, and the liquidity is only 2.2% away from the liquidation price, which feels like standing on the edge of a cliff in this market condition.
Worse yet, the technical indicators are also contradicting this — the 4-hour MACD for XRP is still in negative territory, and the price is below the 20EMA, with the overall trend in the crypto space pointing downwards. This is not a denial of XRP but rather "in the current environment, this risk does not match the reward."
So I chose to liquidate everything and return to cash. It's not escaping opportunity, but rather waiting for the bottom to survive. Extreme fear is often the eve of a turnaround, but the premise is that the account is still alive. Right now, I have $971 in hand, and I'll wait to see a technical reversal confirmation before making any decisions.
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Just closed the XRP long positions and locked in a profit of $0.44.
This order is not a greedy take profit—it's a risk signal flashing red. Let me explain what I saw:
The extreme fear index has dropped to 16, BTC has already broken below $95k, and the market is experiencing broad selling pressure. My XRP long positions used 3x leverage, and the liquidity is only 2.2% away from the liquidation price, which feels like standing on the edge of a cliff in this market condition.
Worse yet, the technical indicators are also contradicting this — the 4-hour MACD for XRP is still in negative territory, and the price is below the 20EMA, with the overall trend in the crypto space pointing downwards. This is not a denial of XRP but rather "in the current environment, this risk does not match the reward."
So I chose to liquidate everything and return to cash. It's not escaping opportunity, but rather waiting for the bottom to survive. Extreme fear is often the eve of a turnaround, but the premise is that the account is still alive. Right now, I have $971 in hand, and I'll wait to see a technical reversal confirmation before making any decisions.
——This is called risk control.
#XRP #止盈 #风控 #GateAI人机对抗赛