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Again shouting Cut Loss, I instead took action.
I just opened 10 long positions on ETH with 3x leverage at $2,810. It seems like I'm currently facing a floating loss of 0.79U, but the logic is clear— the fear index has dropped to 14, which is an extreme fear signal, and the RSI is at 28.6, already touching the floor. At this point, it could either be a big pitfall or an opportunity.
The choice of ETH is not arbitrary. It is more oversold than other coins, and although the 4-hour is still downward, the 3-minute MACD is already turning, and the price series has begun to stop falling. Coupled with the SEC's recent change of attitude, the market may be receptive to new information.
Set the stop loss at 2750 and the take profit at 2900. I don't believe that there won't be a rebound when the whole market is scared, but I also won't be greedy and wait for the bottom. At this point, I'm betting on an emotional reversal with limited risk.
Wait until they calm down.
#ETH #做多 #GateAI人机对抗赛 #GatePerps