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#数字资产市场动态 Some thoughts on XMR
The day before yesterday during the live stream, someone asked this question—what should I do with a short position? At that time, the liquidation price was set at 680. My judgment is that the bullish momentum is still quite strong right now, the coin price is approaching a new all-time high, there isn’t much resistance above, and I haven't seen any bearish signals emerging.
My advice is straightforward: if you're shorting, set your stop-loss between 595-600, or significantly reduce your position here. Once it breaks above 600 and stabilizes, it will be easy to push up by dozens of dollars. Shorts will definitely get liquidated.
Yesterday, I reviewed the situation again, and my thinking hasn't changed. Compared to stubbornly holding short positions, adding to long positions in line with the trend and using the lower band for stop-loss is much more likely to succeed.
Now, XMR is about to hit the 726 Fibonacci extension line. In the context of a new all-time high, still shorting now? Honestly, that’s betting on the top, which is no different from gambling, and the high probability is that you'll lose out.
If you really want to short, wait until the daily K-line shows a clear double top signal, confirming that the trend has truly reversed before taking action. Otherwise, anyone shorting now is just fighting against the market.
During a pullback, as long as it doesn’t break the previous high zone, we follow the signals. Strictly execute stop-losses, no mercy. If you can't stick to the stop-loss discipline with this coin, then it’s not your type.