Watching children fly kites in the park is quite interesting. The kid pulls the string with all his might, but the kite always drops with a puff. Later, he changes his approach, takes a few steps back, runs against the wind, and the kite steadily rises.
This is actually similar to trading. Many people stare at the K-line minute by minute, their eyes fixed on the price fluctuations, getting more anxious the more they watch. But sometimes, you really need to take a step back, see the market's overall trend and rhythm clearly, and you might find a smoother entry point.
POL's recent market situation is just like that. The 1-hour RSI has already surged to 68.89, and the 4-hour RSI is even higher at 78.86, indicating a strong short-term momentum. But honestly, chasing long positions at this level is a bit like trying to pull up a kite that hasn't stabilized yet—it's prone to problems.
So, the safest approach now is to wait. If the price can hold around the 0.155 to 0.160 range, then cautiously try a long position. Otherwise, wait for it to break through 0.180 to confirm the momentum is really strong, then follow the trend. Although this might be a bit slower, it’s more reassuring and reduces risk.
Trading doesn’t have to be a sprint every moment. Like flying a kite, finding the right wind and giving it enough space can help it fly farther. 🪁
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Watching children fly kites in the park is quite interesting. The kid pulls the string with all his might, but the kite always drops with a puff. Later, he changes his approach, takes a few steps back, runs against the wind, and the kite steadily rises.
This is actually similar to trading. Many people stare at the K-line minute by minute, their eyes fixed on the price fluctuations, getting more anxious the more they watch. But sometimes, you really need to take a step back, see the market's overall trend and rhythm clearly, and you might find a smoother entry point.
POL's recent market situation is just like that. The 1-hour RSI has already surged to 68.89, and the 4-hour RSI is even higher at 78.86, indicating a strong short-term momentum. But honestly, chasing long positions at this level is a bit like trying to pull up a kite that hasn't stabilized yet—it's prone to problems.
So, the safest approach now is to wait. If the price can hold around the 0.155 to 0.160 range, then cautiously try a long position. Otherwise, wait for it to break through 0.180 to confirm the momentum is really strong, then follow the trend. Although this might be a bit slower, it’s more reassuring and reduces risk.
Trading doesn’t have to be a sprint every moment. Like flying a kite, finding the right wind and giving it enough space can help it fly farther. 🪁