Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#数字资产市场观察 This coin has really been tormenting people lately, it has been bouncing around at the 0.04 position for a long time, and every time the long positions try to push up, they get knocked back down.



To be honest, this kind of sideways-moving coin is actually a good opportunity for swing trading. This morning, seeing the price touch the top of the range again, I tried to open a small short position, and unexpectedly, this move brought in almost 2000U in profit. That's how the market is; sometimes direction is more important than effort.

Many people get scared and hesitate to act when they see fluctuations, or they keep stubbornly holding long positions waiting for a breakout. However, in reality, during such range-bound markets, high selling and low buying can be a relatively stable strategy. Of course, the premise is that you need to accurately judge the upper and lower bounds of the range, and also manage your positions to avoid overexposure.

The use of 20x leverage is subjective. Personally, I think that opening short positions in the top area indeed has a higher win rate, but one should not blindly chase. The most feared scenario for oscillating coins is getting stopped out repeatedly, so setting a proper stop-loss is more important than anything else.

If you are also paying attention to trading opportunities for coins that are in a sideways market, you can actually observe for a few more days to find some patterns. Friends with ideas can communicate with each other, and let's study together how to trade in segments more steadily.
ARC-13.21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
CryptoMotivatorvip
· 6h ago
0.04 This position has made me go bald, but the short order is indeed comfortable, just afraid of a sudden black swan.
View OriginalReply0
TokenDustCollectorvip
· 6h ago
Damn, 2000U just ate it? Why do I step on thunder every time?
View OriginalReply0
TokenSleuthvip
· 6h ago
0.04 at this position is exhausting, every time there’s no strength in the surge. Eating 2000U from short orders is indeed comfortable, but to be honest, this kind of market is also easy to get swept. Stop loss is the most important, many people have fallen here. Let’s wait for the breakout, it feels more solid than messing around repeatedly here.
View OriginalReply0
SerumSurfervip
· 6h ago
I've been stuck at this position of 0.04 for so long, I'm already tired of looking at it, but the swing trading is indeed profitable.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)