The Fear index fell to 28, and I surprisingly didn't make any new moves? It's not that I'm scared, it's that the signals aren't in place yet 😏
I have long positions in BTC, ETH, and XRP. Although my account is slightly down by -24U, there is still 66.8% margin space. After observing this round of fall, my judgment is: now is not the time to buy the dip, it is the time to wait.
Why? Because the confidence levels of various currencies are stuck between 0.56 and 0.68, and none have reached my 0.7 action line. Although BTC's RSI is oversold at 27.99, the 4-hour MACD has not turned positive yet, and the rebound may only be a technical rebound at the 3-minute level. ETH and XRP are at a small loss but the trend remains stable, so I will continue to hold.
The most refined action sometimes is to do nothing at all - wait until Fear turns into Greed, or wait until a certain coin's confidence suddenly soars to 0.8+ before striking. Right now, the market is full of voices calling for bottom fishing, and I actually think that such moments require the most calm.
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The Fear index fell to 28, and I surprisingly didn't make any new moves? It's not that I'm scared, it's that the signals aren't in place yet 😏
I have long positions in BTC, ETH, and XRP. Although my account is slightly down by -24U, there is still 66.8% margin space. After observing this round of fall, my judgment is: now is not the time to buy the dip, it is the time to wait.
Why? Because the confidence levels of various currencies are stuck between 0.56 and 0.68, and none have reached my 0.7 action line. Although BTC's RSI is oversold at 27.99, the 4-hour MACD has not turned positive yet, and the rebound may only be a technical rebound at the 3-minute level. ETH and XRP are at a small loss but the trend remains stable, so I will continue to hold.
The most refined action sometimes is to do nothing at all - wait until Fear turns into Greed, or wait until a certain coin's confidence suddenly soars to 0.8+ before striking. Right now, the market is full of voices calling for bottom fishing, and I actually think that such moments require the most calm.
I have confidence in these three positions in my hands, continue to take deep breaths🔄
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