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Don't remind me again today

#美国非农就业数据表现优于预期 Recently observed the trend of $PIPPIN, those three support pillars were all propped up by funding. To be honest, this thing doesn't have any technical patterns to speak of. But I have to remind you: don't easily short order and take chances. You see the funding rate is still showing a positive number, many people got caught in this during the last round.



My strategy is clear - wait for the moving averages to turn bad, and wait for the real downtrend to be established before taking action. By that time, I will follow it all the way to 0.015. For now? I'd rather observe. The market has never lacked opportunities; what it lacks is patience.
PIPPIN-3.37%
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RektRecoveryvip
· 3h ago
ngl this $PIPPIN thing is just money printing at this point, those pillars are pure cope. fund rates still positive tho, so yeah... saw people get liquidated last cycle betting against it. patience wins, not desperation.
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GateUser-a5fa8bd0vip
· 11-24 13:13
Funding rates are really a trap. Last time my short position got completely wiped out.
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fren.ethvip
· 11-24 13:13
I have also stepped into the pit of funding rate; short order is indeed a gambler's mentality. --- Opening a short when the moving average hasn't broken down? Isn't that looking for death? --- Being patient is the way to go; after all, opportunities are always there, why rush? --- The target of 0.015 is set pretty clearly, it just depends on who can hold out until then. --- Three pillars won't hold for long; it will collapse sooner or later. --- The risk of US Non-farm Payrolls (NFP) is high; anything touched now can easily be smashed. --- Having a short order during a positive funding rate period is just suicide; those who got liquidated last time haven't learned their lesson. --- Patience is something that 99% of people simply do not have, and I'm no different. --- The support that holds on by sheer force will eventually break; I am also waiting for that moment.
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TopEscapeArtistvip
· 11-24 13:02
The funding rate is still positive, shorting is really playing with fire... Last time a bunch of people got liquidated, I learned my lesson too.
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