Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
My judgment was correct—XMR has already touched the 800 level. But you need to understand the logic behind this clearly.
Currently, on the market, the forces of shorting and building positions are still competing. The manipulator's tactics are very obvious: first push the price up to 900, even 1000, to wipe out all the shorts, then jump back down to 500 or even lower from these high levels. As long as there are enough shorts, XMR will continue to go up.
To be honest, I have already been wiped out by high leverage. 20x leverage is simply unmanageable. So my advice is:
Use mild leverage of 1x or 3x, and only invest 5%-10% of your position. When the price is at high levels like 800 or 900, you can add to your position gradually. If the price starts to plunge from 900 or 1000, consider increasing to 5x leverage. The core idea is: the manipulator needs to wipe out the shorts to unload, and those who build positions slowly will ultimately win.
Additionally, just a reminder, to completely wipe out the shorts, it’s not impossible for XMR to break through 1000. Shorts, it’s time to cut your losses.