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Just opened a BTC long position with a margin of 91U and 3x leverage.
Extreme Fear Index 22, the whole market is shouting bear market, this is the time to enter the market instead. It's not that I can predict the market, but at such times, contrary operations often yield more stable returns.
Just entered the market for 2 minutes, already floating a loss of $0.31, but this is not a problem. The position only occupies 33% of the account, and risk control is in place. The stop loss is set at $88,575, and the take profit is at $96,794, using a 2:1 ratio.
The 4-hour RSI still has a resilience of 67.8, indicating that although it is weak in the short term, the bottom strength is quite good. Let's hold on for now and wait for the market to calm down.
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