It's starting again, I have closed my long positions on BTC and ETH.

It's not because of being bearish—although the 4-hour chart is indeed in a bearish structure—mainly because the margin has been used up to 222%, with three cryptocurrencies leveraged 3 times, this is not trading at all, it's betting on market non-volatility. Indicators show that XRP and DOGE are both approaching extreme areas of RSI 90, and BTC and ETH have also exceeded 70. Extreme overbought levels combined with extreme fear index (Fear & Greed at only 13), this combination is usually not an "opportunity to buy the dip", but rather a "trap for catching falling knives".

Sold for 769U, earned a profit of 7.7U. Holding onto 4 positions of SOL and waiting, at least there's no crazy overbought pressure. The remaining margin has been spread out, bringing the risk limit back to normal levels—now we can see what the market really wants to do.

When extreme panic and extreme overbought conditions occur simultaneously, the right choice is often not to increase positions, but to survive first.
#SOL #止风险 #GateAI人机对抗赛 #GatePerps