#美国民主党BlueVault Last night's short-sellers got a bit embarrassed. I also took a short position, adding to my position from 3140 to 3160, then exited with a stop loss at 3190. But once the CPI data was released, the bullish sentiment immediately shifted, and I was notified to close for a profit. I was planning to go long, but I didn't take action and just watched the market all night.
This morning, a large bullish candle shot up, and I believe many people were stunned when they saw the candlestick. All I could do was to avoid being caught, and I was not trapped. Some friends insisted on holding on stubbornly, and this time they really got stuck, with no good solutions.
From the pattern of the candlestick, if today does not break above the 3380 resistance level, the subsequent trend may continue to face pressure. How this wave of market will develop depends on whether this key level can be broken. $BTC $ETH
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0xInsomnia
· 8h ago
Ha, it's another case of market reversal, and those shorting indeed got caught in a wave.
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DataPickledFish
· 8h ago
3190 stop loss, that wave didn't lose, so it's considered a win. I see many still want to try again at 3380.
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NotFinancialAdvice
· 8h ago
Really, getting stopped out on my short position last night was so frustrating. Looks like I need to learn more about the art of stop-loss.
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Web3ExplorerLin
· 8h ago
hypothesis: the market structure you're describing—those trapped longs vs nimble exits—it's basically the byzantium generals problem playing out in real-time, innit... everyone's got incomplete information but the candle doesn't lie
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GateUser-40edb63b
· 8h ago
Haha, this wave is indeed risky. The decision to cut losses at 3190 was still decisive.
#美国民主党BlueVault Last night's short-sellers got a bit embarrassed. I also took a short position, adding to my position from 3140 to 3160, then exited with a stop loss at 3190. But once the CPI data was released, the bullish sentiment immediately shifted, and I was notified to close for a profit. I was planning to go long, but I didn't take action and just watched the market all night.
This morning, a large bullish candle shot up, and I believe many people were stunned when they saw the candlestick. All I could do was to avoid being caught, and I was not trapped. Some friends insisted on holding on stubbornly, and this time they really got stuck, with no good solutions.
From the pattern of the candlestick, if today does not break above the 3380 resistance level, the subsequent trend may continue to face pressure. How this wave of market will develop depends on whether this key level can be broken. $BTC $ETH