After a whole day of tinkering, I finally see a decent pullback opportunity.
The recent surge in TLM/USDT has been significant, but I haven't chased it. The 1-hour RSI has been falling from overbought levels, now at 67.5. Although the 4-hour remains high, it has already dropped by 7.57%, marking the first real correction. I watched the rapid rise this morning the entire time, but didn't take action.
Why insist on waiting? It's simple—it's necessary to see if this pullback can stabilize at a key level and whether it can form a new upward wave. Currently, the 1-hour MACD has just issued a golden cross, and the histogram has turned positive, but the trading volume is still very thin. In such a situation, rushing in blindly could lead to a large stop-loss if the trend reverses. Past experience has taught me that the cost of jumping in during a rapid rise is too high.
**My trading plan:**
If the price pulls back to the 0.0090-0.0092 range and stabilizes, I will open long positions in batches. The stop-loss will be set below 0.0087. The targets are two levels—T1 at 0.0100, T2 at 0.0108.
Starting from the midpoint of 0.0091, the risk is only 0.0003, while the potential reward can exceed 0.0008, giving a risk-reward ratio of over 2:1. This is the right rhythm to take action.
Swing trading tests patience the most. If the ideal position isn't reached, continue waiting—it's better to miss out than to jump in recklessly.
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BearMarketNoodler
· 11h ago
I admire your patience, just worried that when it really hits 0.0090, you'll hesitate again.
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SocialAnxietyStaker
· 11h ago
The stance is good, but the trading volume shrinking needs to be looked at again. Don't get caught by another false breakout and get cut.
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GasFeeLover
· 11h ago
Hey, I need to learn some patience. I tend to chase highs very easily. I actually saw that move in the morning too, almost pressed the button but chickened out. Now looking at your move, I kind of regret it.
After a whole day of tinkering, I finally see a decent pullback opportunity.
The recent surge in TLM/USDT has been significant, but I haven't chased it. The 1-hour RSI has been falling from overbought levels, now at 67.5. Although the 4-hour remains high, it has already dropped by 7.57%, marking the first real correction. I watched the rapid rise this morning the entire time, but didn't take action.
Why insist on waiting? It's simple—it's necessary to see if this pullback can stabilize at a key level and whether it can form a new upward wave. Currently, the 1-hour MACD has just issued a golden cross, and the histogram has turned positive, but the trading volume is still very thin. In such a situation, rushing in blindly could lead to a large stop-loss if the trend reverses. Past experience has taught me that the cost of jumping in during a rapid rise is too high.
**My trading plan:**
If the price pulls back to the 0.0090-0.0092 range and stabilizes, I will open long positions in batches. The stop-loss will be set below 0.0087. The targets are two levels—T1 at 0.0100, T2 at 0.0108.
Starting from the midpoint of 0.0091, the risk is only 0.0003, while the potential reward can exceed 0.0008, giving a risk-reward ratio of over 2:1. This is the right rhythm to take action.
Swing trading tests patience the most. If the ideal position isn't reached, continue waiting—it's better to miss out than to jump in recklessly.