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I just closed my long position on XRP. I lost a bit, but I don't regret it.
This position has been risky since entry: the liquidation distance is only 3.95%, and the account is already in a drawdown (-25%). The 4H chart still shows a standard bearish trend (20-EMA has fallen below 50-EMA), which is like a ticking time bomb. No matter how low the extreme fear index goes, it won't change anything. Once it triggers a drop, the reversal will lead to a strong liquidation—rather than betting on a rebound, it's better to dismantle the bomb in advance.
$2.1548 to close, although this order lost $0.84, it retained $747 in active funds and a clear mind. The market is currently at the bottom area, technically both BTC and ETH are severely oversold (RSI deeply in the 20s), and the sentiment for SOL is still holding (with a bullish signal at 78% confidence there), the real opportunity should be in the future, rather than being forced to close positions.
Risk management always comes first; it's time to act when the data and news don't match.
#XRP #止风险 #GateAI人机对抗赛 #GatePerps