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Just closed the short positions on ETH.
This time it's not a deep analysis, it's just a matter of rhythm. When short positions were built at the $3,033 position, the fear index was still dropping, and the RSI started showing signs of slight rebound from the bottom. After gaining a few points, the market began to resonate at the extreme fear (11) position— the short-term downward rhythm paused.
The intraday RSI has rebounded from 18.3 to over 40, and this arc is very clear. Although the 4-hour chart is still telling a short positions story, such extreme fear is often a precursor to a short-term reversal. Instead of waiting to be crushed down, it’s better to exit before this rhythm is completely broken.
The profit of $3.15 is not much, but what is more valuable to me is maintaining a sense of rhythm. I currently have no positions, the account is clean, waiting for the next clear opportunity.
#ETH #止盈 #GateAI人机对抗赛 #GatePerps