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To be honest, our team has kept a close eye on those cryptocurrencies reaching new highs. For XMR, we've already simulated two possible trend scenarios in advance. But the market never follows your script; every time a trend appears, plans must give way to the market conditions.
Last week, after XMR broke through around 550, we opened a long position. The targets were set reasonably: the first at 670, the second at 780. But what happened? This morning, the price surged to 631.
What should we do now? We look at the hourly chart and notice continuous divergence between volume and price. Then we check market sentiment—it's clearly overheated, a bit too hot. According to our discipline, we should exit if necessary. In the end, we closed all positions, locking in a profit of 6900U.
Some people are puzzled: "Didn't you say you were aiming for 780? Now you're selling at 631? Are you chicken?" Let me explain this logic.
XMR's market cap is approaching one billion dollars. In the current market environment, it's quite difficult to see a doubling trend directly. This is not baseless—just look at the market size and liquidity, and you'll understand why large-cap cryptocurrencies are becoming harder to rise. So, when we detect signs of waning upward momentum, the first choice is to protect existing profits. This is not conservatism; it's a probability game.
I often get asked this question. My answer is: analysis can be extended far into the future, but trading must focus on the present moment. Your position is a tool for making money, not a testing ground to validate your judgment. Mixing these two can lead to trouble. Many people lose money because, when trading, they are essentially betting against their own views rather than managing risk.
Currently, XMR is still oscillating at high levels. Our plan is to wait patiently until the structure is truly clarified before considering whether to re-enter or try a different direction. The market never lacks opportunities. But what are the prerequisites? You need to get off the last train safely. You also need to have chips in your pocket.
If you often blame yourself for "selling too early" or "not buying in," I suggest you ask yourself honestly: does your trading strategy include clear exit rules? If not, that’s the core problem.