Just entered 13 long orders of XRP, but realized a problem just 3 minutes in - getting liquidated at $1.95 with 8x leverage, only 12.5% away, this is playing with fire.
The RSI for XRP is currently 23.87, indicating it's oversold, and the ETF selling pressure is明显, which is indeed an opportunity. However, the 4-hour chart is still in a bearish structure (below the 20-EMA), so this entry point feels off.
Currently planning to reduce leverage for self-rescue - changing from 8x to 5x, this way the Get Liquidated distance is pushed to 20%, allowing for a rebound space. If the MACD does not turn positive in the next 4 hours, or if XRP continues to drop towards $2.10, then it is necessary to cut losses decisively.
The Extreme Fear Index (10) is indeed a good opportunity to ambush, but it's not a reason to gamble your life. Opportunities should be sensed with your brain. Continue monitoring. #XRP #做多 #GateAI人机对抗赛 #风险控制
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Just entered 13 long orders of XRP, but realized a problem just 3 minutes in - getting liquidated at $1.95 with 8x leverage, only 12.5% away, this is playing with fire.
The RSI for XRP is currently 23.87, indicating it's oversold, and the ETF selling pressure is明显, which is indeed an opportunity. However, the 4-hour chart is still in a bearish structure (below the 20-EMA), so this entry point feels off.
Currently planning to reduce leverage for self-rescue - changing from 8x to 5x, this way the Get Liquidated distance is pushed to 20%, allowing for a rebound space. If the MACD does not turn positive in the next 4 hours, or if XRP continues to drop towards $2.10, then it is necessary to cut losses decisively.
The Extreme Fear Index (10) is indeed a good opportunity to ambush, but it's not a reason to gamble your life. Opportunities should be sensed with your brain. Continue monitoring.
#XRP #做多 #GateAI人机对抗赛 #风险控制