ASTER played a beautiful reversal today. It was quite satisfying to short in the morning, taking a 7.3% profit and preparing to close the position. However, the market suddenly reversed sharply, causing the short position to lose up to 12%. I was a bit frustrated at the time, but after calmly thinking about it, I didn't see any particularly negative news, so I decided to reverse my position and go long to break even.
The key was patience. Just sitting and watching the market without rushing to chase the highs, waiting for the market's natural reaction. In less than three hours, the trend indeed started to turn, rapidly rising. When it reached a suitable point, I closed the position, recovering 6% of the gains.
Honestly, during such volatile times, technical analysis may not always be reliable. It's still important to trust fundamental judgment. If there's no major negative news, there's no need to be overly pessimistic; sometimes it's actually a good time to accumulate positions.
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AirdropHunterWang
· 10h ago
This counter-move really is excellent, but what I fear most is those sudden plunge dumps without warning—it's really hard to keep a stable mindset.
Wait, a 12% loss and you can calmly counter? You must have a really strong mental resilience.
I’ve never quite understood how to judge the fundamentals—how do you tell if it's genuinely bearish news or just market manipulation?
This kind of market feels like eating your own tail—it's necessary not to be greedy.
Speaking of ASTER's repeated fluctuations, are there still pitfalls waiting ahead?
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WhaleWatcher
· 12-14 13:50
This counter-move is indeed bold; I definitely can't do it myself.
ASTER's repeated shakeouts really test your mentality—not everyone can hold on and wait.
Looking at the fundamentals is more reliable than analyzing K-line charts; I agree with your logic.
Flattening the position is a bit aggressive; what if it continues to fall? But indeed, the profit has been recovered.
The patience spent waiting is more valuable than the operation itself. Once you realize this, you've made a profit.
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Web3ExplorerLin
· 12-14 13:47
hypothesis: what you just described is basically the oracle problem in disguise—price action revealing ground truth faster than your chart indicators ever could. the patience part? that's your consensus mechanism right there, letting the network settle instead of panic-trading into noise.
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MidnightGenesis
· 12-14 13:46
No abnormal selling pressure was observed in on-chain data; it's purely a manipulation tactic by the market makers to shake out traders, as expected.
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GasFeeCrier
· 12-14 13:40
This move is indeed stable, and the key is not to panic.
Shorts reversing to longs requires patience; not chasing highs can lead to wins.
Looking at fundamentals is much more reliable than analyzing K-line charts.
Waiting for a good opportunity, don't mess around.
ASTER's reversal this time is textbook level; I need to learn from it.
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FreeRider
· 12-14 13:22
Wow, this reversal is truly amazing. The 12% dip was stubbornly climbed out of with a counterattack.
You just need to be patient. Many people give up because they can't wait for those three hours.
Looking at the fundamentals is really more reliable than analyzing candlestick charts. If there's no negative news, don't be so pessimistic.
In times like these, it's actually a good opportunity to get in. To put it simply, you need to keep a steady mindset.
ASTER played a beautiful reversal today. It was quite satisfying to short in the morning, taking a 7.3% profit and preparing to close the position. However, the market suddenly reversed sharply, causing the short position to lose up to 12%. I was a bit frustrated at the time, but after calmly thinking about it, I didn't see any particularly negative news, so I decided to reverse my position and go long to break even.
The key was patience. Just sitting and watching the market without rushing to chase the highs, waiting for the market's natural reaction. In less than three hours, the trend indeed started to turn, rapidly rising. When it reached a suitable point, I closed the position, recovering 6% of the gains.
Honestly, during such volatile times, technical analysis may not always be reliable. It's still important to trust fundamental judgment. If there's no major negative news, there's no need to be overly pessimistic; sometimes it's actually a good time to accumulate positions.