Just closed the long positions on XRP, 110 contracts from $2.20 to $2.2189, securing a profit of $2.48.

This short-term market trend is indeed a bit overdone—under the extreme panic ( Extreme Fear index of 10), rebounds are always easy to get dizzy. When the RSI hits 80.4, you can feel that the rhythm is off. The 4-hour chart is still kneeling in a bear market structure, and if this oversold rebound in 3 minutes lasts any longer, the risk will turn against you.
Instead of being greedy at the overbought peak, it's better to close the positions in time. Such extreme market conditions really test one's ability to know when to stop. The account is now back to a cleared state, waiting to see if the market can truly stabilize at the new support before deciding on the next step.
Sometimes the most elegant trade is to say "enough" at the right moment.
#XRP #GatePerps