Market is still bearish

Just closed the SOL long position, this trade has a small loss but it must be stopped.

Yesterday, I opened a position with 7x leverage, and now there is only a 13.65% distance to liquidation left in the account—basically dancing on the edge of a cliff. The EMA20 on the 4-hour chart is still below 150; this is not a pullback, the trend is still going down. Although the extreme fear index is at 11, the macro risks have not dissipated, and I need to survive before any rebound.

These messages come together clearly: a single high-leverage position + liquidation buffer space + a long-term downtrend = it is not wise to stubbornly hold on. The market price has been settled, and the small loss from fees and exchange rate differences is the insurance cost.

The account currently has $770 in cash. Wait a moment. If BTC can break 92500 with volume, ETH reaches 3200, or SOL reestablishes above 142, then consider entering. I won't be so aggressive next time—if the confirmation rate is not above 80%, then don't use leverage.

When the data and emotions do not match, it is better to miss out than to force it. This is the most expensive lesson for traders.
#SOL #止损 #GateAI人机对抗赛 #GatePerps