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
$4 These past two days have seen a strong surge, but I'm not in a rush to chase now.
The price is stuck around 0.03 USDT, with the 4-hour RSI soaring to 77, clearly overbought. At this point, placing buy orders upward is just giving away money. I choose to wait for it to correct and consolidate on its own.
**Why not buy now?**
One reason is the big 24-hour rally and being at a high level. More importantly, on the 1-hour chart, the MACD is showing signs of a top divergence — the price is still making new highs, but the histogram has already turned downward. Such signals have historically been a precursor to short-term correction. The reason I didn't dare to buy earlier is simple: chasing the high at the current price offers a poor risk-reward ratio, and setting a stop-loss is difficult.
My logic is clear: **After a big rally, a correction is inevitable; the correction is the best time to enter**. Positioning at secondary support levels, then waiting for a rebound to reach new highs, is a healthy swing trading approach.
**Specific operation plan:**
No need to rush into the position. Wait until the price retraces to the 0.028-0.029 USDT range and shows small-scale stabilization signals, then gradually add light positions to test. Set the stop-loss at 0.0275; if it breaks below, it indicates the pattern is broken, and you must exit.
What’s the target? First, watch for 0.032, then take partial profits there. Keep the remaining position to protect capital and aim for 0.034. Calculated this way, the risk per trade is about 0.0015 USDT, with potential gains of at least 0.003 USDT — a risk-reward ratio of over 2:1, making it very worthwhile to wait.
Honestly, lately I’ve been losing money, so I must stick to the principle of "not acting until the optimal entry point." High reward-to-risk trades often help you regain your rhythm and are more reliable than frequent trading.
*This is just my personal trading idea and does not constitute investment advice.*