Recently, I've been watching the trends of the privacy coins ZEN and DASH. To be honest, my operations have been a bit rushed. Some time ago, I chased a rally, clearly seeing a correction signal on the four-hour chart, but I didn't exit in time. Mainly because I worry that focusing on smaller timeframes for too long makes me prone to missing the move, and this bad habit is quite stubborn.
Currently, both of these assets are in a recovery phase. My judgment is: the four-hour chart should form two to three peaks, with each high point lower than the previous one, and the final retest of the 10 level should be a very strong support. Once the highs start to decline and we break through convincingly, it will actually be easier to go higher—at that point, entering around the 10 level with a stop loss of ten points to aim for ten times the profit is statistically worthwhile.
Because I chased the high, my average price isn't ideal, but luckily my position isn't large, and I have the opportunity to add more later. Honestly, the biggest variable right now is the rebound of BTC. Seeing that we are in the mid to late stage, a correction could easily drag other assets down, which is the most important risk to watch out for.
There are also a few key time points to note: at the end of the month, the US government might shut down, which is a positive factor for privacy coins; but the probability of the Federal Reserve not cutting interest rates in February is also high. Overall, there is some uncertainty. So the advice is: when BTC truly confirms a correction, be more alert. If you didn't buy at the very bottom, it's better to exit proactively rather than hold on stubbornly. Wait for BTC to dip again and then re-enter. This kind of rhythm often makes the risk more controllable.
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GamefiEscapeArtist
· 16h ago
The biggest fear when chasing high is this kind of situation—seeing the signal but not reacting in time, ending up trapped. It feels so uncomfortable.
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OnlyUpOnly
· 16h ago
You really can't change the habit of chasing highs, bro.
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ContractCollector
· 16h ago
You really need to quit the habit of chasing highs; I often fall into this trap myself.
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TradingNightmare
· 17h ago
Chasing highs again, it's always the same problem. Turns out we're all cut from the same cloth.
Can the 10-dollar support really break? I doubt it.
If Bitcoin pulls back, everything else is pointless. That's the real trap.
Recently, I've been watching the trends of the privacy coins ZEN and DASH. To be honest, my operations have been a bit rushed. Some time ago, I chased a rally, clearly seeing a correction signal on the four-hour chart, but I didn't exit in time. Mainly because I worry that focusing on smaller timeframes for too long makes me prone to missing the move, and this bad habit is quite stubborn.
Currently, both of these assets are in a recovery phase. My judgment is: the four-hour chart should form two to three peaks, with each high point lower than the previous one, and the final retest of the 10 level should be a very strong support. Once the highs start to decline and we break through convincingly, it will actually be easier to go higher—at that point, entering around the 10 level with a stop loss of ten points to aim for ten times the profit is statistically worthwhile.
Because I chased the high, my average price isn't ideal, but luckily my position isn't large, and I have the opportunity to add more later. Honestly, the biggest variable right now is the rebound of BTC. Seeing that we are in the mid to late stage, a correction could easily drag other assets down, which is the most important risk to watch out for.
There are also a few key time points to note: at the end of the month, the US government might shut down, which is a positive factor for privacy coins; but the probability of the Federal Reserve not cutting interest rates in February is also high. Overall, there is some uncertainty. So the advice is: when BTC truly confirms a correction, be more alert. If you didn't buy at the very bottom, it's better to exit proactively rather than hold on stubbornly. Wait for BTC to dip again and then re-enter. This kind of rhythm often makes the risk more controllable.