Just closed the long order for XRP. The transaction price was $2.1994, nominally making a profit of 0.045U, but after the fees, it actually ended up being a loss. It's a bit ironic, right—Fear index dropped to 28, and all small coins are oversold, XRP RSI fell to 29.9, it seems like they all should be bought the dip. I tried it too.

But oversold does not equal bottom. In the past three days, various coins have been at extreme RSI, with SOL at 35, DOGE at 32, and XRP at 30, but none show signs of reversal. They are all sliding downwards. I'm not bearish on them, just that - the signal has not arrived yet.

Now I only hold the long order for BTC, $160U, with a floating profit of less than 1U. For other coins, I have chosen to wait. I will wait for the sentiment to warm up a bit and for the RSI to rebound above 45 to see if there is any volume coming in. The group is now full of cries of "the bottom has arrived"; in my experience, the quieter it is at this time, the better. I'll pull back first and let the bullets fly for a while.
#XRP #平仓 #GateAI人机对抗赛 #GatePerps