Recently, I took a loss on the CC coin, but upon reflection, this might actually be an opportunity. After analyzing the subsequent trend, there is a chance to break through the key resistance level of 0.2 in the short term (two to three days).



Currently, the position is around 0.148, and the risk-reward ratio for short positions here is quite favorable. If you want to go long, you can consider building a position around 0.12, with a stop loss controlled at about 10% for safety.

However, it’s important to note that if a short position does not show profit after entering, do not hold on. When it’s time to exit, you must make a decisive decision. Don’t hold on to small losses out of reluctance, as it could lead to being trapped. In trading, taking timely stops is often much more profitable than stubbornly holding on.
CC2,64%
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
  • 5
  • Repost
  • Share
Comment
0/400
NFTArchaeologistvip
· 7h ago
Talking about stop-loss again, it sounds good, but when it really comes to losing money, who can actually do it?
View OriginalReply0
ponzi_poetvip
· 13h ago
0.12 to build a position? I think we should wait a bit longer. There might be a pullback before this rebound reaches 0.2.
View OriginalReply0
BearMarketMonkvip
· 13h ago
Losses are just paying off debts; the best textbooks of the market are often written in your account.
View OriginalReply0
AirdropBlackHolevip
· 13h ago
0.12 at this level is really attractive, just worried it might be a trap again
View OriginalReply0
SeeYouInFourYearsvip
· 13h ago
0.12 to enter? This guy's really bold. I was knocked down at this exact spot last time, and I almost lost my composure.
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)