I recently heard a phrase that gave me a new insight—trading is like answering multiple-choice questions. Some keep asking, "Why didn't I buy before?" while others are stuck on "Why didn't I cut losses earlier?" But true winners understand one thing: **Quickly letting go of losing trades allows you to calmly迎接 the next opportunity**.
Take $POL as an example. It's indeed hot right now. But from a technical perspective, this hype hides risks. On the 4-hour chart, the RSI has already broken through 80, a clear sign of extreme overbought conditions. Even more concerning is the shrinking volume—indicating the buying momentum is weakening and a reversal could happen at any time. Blindly chasing the rally at this point is like "taking the knife."
My straightforward view is: **The smartest move right now is to stay on the sidelines**. Instead of guessing the top, wait for clear signals. Pay attention to two key levels: first, whether there are signs of stabilization around 0.165 USDT; second, whether the support at 0.155 USDT has been broken. Only when one of these signals is confirmed should you consider establishing a new position.
Stop-loss is not a failure; it's an active step to clear out positions that shouldn't be held. Always leave mental space for the next opportunity—that's much better than holding onto a hot potato that could burn you.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
7
Repost
Share
Comment
0/400
PrivateKeyParanoia
· 01-10 18:54
I've seen too many cases of getting cut, haha
---
Still chasing after RSI breaks 80? Bro, you're trying to lose money.
---
Waiting and watching is the best strategy; I agree with this statement.
---
POL's recent hype was indeed false fire; once trading volume shrinks, you know it's the end.
---
Letting go of failed trades is really a mental discipline; it's easier to say than to do.
---
The levels at 0.165 and 0.155 must hold, or else you'll suffer heavy losses.
---
Getting cut so much that your hand goes numb; now, anyone who chases is a fool.
View OriginalReply0
GateUser-e19e9c10
· 01-10 18:54
Not taking the knife is absolutely right. POL is indeed tempting this time, but with RSI overbought, you really need to be cautious.
View OriginalReply0
ReverseTradingGuru
· 01-10 18:52
POL's current hype seems quite uncertain to me. The RSI is already at 80, and you're still chasing? Enjoy the thrill of catching the knife yourselves.
View OriginalReply0
RugPullSurvivor
· 01-10 18:49
That's right, POL is indeed easy to get caught off guard this time.
Let's wait for the signal; there's no rush anyway.
Clinging to a hot potato is the real foolishness.
0.165 really can't be broken; it's not too late to enter the market later.
A good mindset is the biggest trading system.
View OriginalReply0
New_Ser_Ngmi
· 01-10 18:44
Just watch and wait, there's no need to rush into the fire.
View OriginalReply0
WalletDivorcer
· 01-10 18:37
Hey, I've seen situations where RSI breaks 80 many times, it's just a trap for the bagholders to get slaughtered.
View OriginalReply0
ContractFreelancer
· 01-10 18:34
It's indeed rational to be cautious, but I still couldn't resist and bought a little. Now I'm feeling mentally exhausted.
I recently heard a phrase that gave me a new insight—trading is like answering multiple-choice questions. Some keep asking, "Why didn't I buy before?" while others are stuck on "Why didn't I cut losses earlier?" But true winners understand one thing: **Quickly letting go of losing trades allows you to calmly迎接 the next opportunity**.
Take $POL as an example. It's indeed hot right now. But from a technical perspective, this hype hides risks. On the 4-hour chart, the RSI has already broken through 80, a clear sign of extreme overbought conditions. Even more concerning is the shrinking volume—indicating the buying momentum is weakening and a reversal could happen at any time. Blindly chasing the rally at this point is like "taking the knife."
My straightforward view is: **The smartest move right now is to stay on the sidelines**. Instead of guessing the top, wait for clear signals. Pay attention to two key levels: first, whether there are signs of stabilization around 0.165 USDT; second, whether the support at 0.155 USDT has been broken. Only when one of these signals is confirmed should you consider establishing a new position.
Stop-loss is not a failure; it's an active step to clear out positions that shouldn't be held. Always leave mental space for the next opportunity—that's much better than holding onto a hot potato that could burn you.