Last night, after closing my short positions, I watched the market for a while. The candlestick clearly broke through the support level, and such sharp declines are usually followed by a rebound. Once the price stabilized, I placed a small long order near the support level.
However, during the Christmas holiday period, overseas market participation decreases, and liquidity is insufficient to push the price to the Fibonacci 0.618 level. After weighing the options, I chose a more conservative target—locking in profits around 0.5. Precise to the 87,800 level, although it’s still $8 away from the psychological price point, this setup is just right. When the market lacks momentum, taking profits is the best move.
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TokenomicsPolice
· 12-27 09:56
87800 just run? There's nothing wrong with that mindset. During holidays, liquidity is poor, so greed is not appropriate. It's good enough to make some money, haha.
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BearHugger
· 12-27 09:52
The Christmas season is indeed a great time to slack off. Isn't it nice to get off early and have a good sleep?
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TokenomicsTrapper
· 12-27 09:50
honestly this screams classic exit pump pattern... liquidity desert during holidays and you're already taking profits at 0.5? watched this play out a hundred times, vesting unlocks incoming probably, textbook greater fool theory setup. that 8 dollar gap to your psych price is literally the market telling you something lol
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BearMarketMonk
· 12-27 09:47
87800 is not a point to be greedy about; making money quietly is the most comfortable.
Last night, after closing my short positions, I watched the market for a while. The candlestick clearly broke through the support level, and such sharp declines are usually followed by a rebound. Once the price stabilized, I placed a small long order near the support level.
However, during the Christmas holiday period, overseas market participation decreases, and liquidity is insufficient to push the price to the Fibonacci 0.618 level. After weighing the options, I chose a more conservative target—locking in profits around 0.5. Precise to the 87,800 level, although it’s still $8 away from the psychological price point, this setup is just right. When the market lacks momentum, taking profits is the best move.