0G's recent performance has been quite testing for the mentality. When the market experienced a wave of correction, 0G couldn't remain unaffected and directly dropped to around 0.84, triggering many people's stop-loss levels. The underlying issue reflected here is quite straightforward—0G's correlation with the overall market is still very strong. When market sentiment shifts, it tends to follow downward. If the market experiences another sharp decline later, 0G will find it difficult to support itself independently, and there may be a continued risk of further decline. However, after rebuilding positions at the 0.84 level, the strategy has also been adjusted accordingly. This time, there's no longer a focus on the integer threshold of 1; instead, the focus is on the mid-term level of 0.875, where plans are to gradually close half of the position. This approach not only locks in some profits but also retains participation in any subsequent rebound.
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
6
Repost
Share
Comment
0/400
mev_me_maybe
· 5h ago
0.84 is indeed a critical point; there's really nothing you can do when it drops along with the market... However, taking half out in batches at 0.875 is a more prudent approach.
View OriginalReply0
92ethCapy
· 12h ago
Bull Run 🐂
Reply0
SnapshotStriker
· 13h ago
0.84 this level is really sharp, dragged down again by the market, independence and such are still a bit questionable.
View OriginalReply0
ImpermanentLossFan
· 13h ago
0.84 That wave was really satisfying, the stop-loss orders probably got hit a lot.
View OriginalReply0
92ethCapy
· 13h ago
0.1$ soon
Reply0
AirdropHunter9000
· 13h ago
0.84 dropped again, I'm really speechless. When the market swings, it follows and drops with it. This independence is truly concerning.
0G's recent performance has been quite testing for the mentality. When the market experienced a wave of correction, 0G couldn't remain unaffected and directly dropped to around 0.84, triggering many people's stop-loss levels. The underlying issue reflected here is quite straightforward—0G's correlation with the overall market is still very strong. When market sentiment shifts, it tends to follow downward. If the market experiences another sharp decline later, 0G will find it difficult to support itself independently, and there may be a continued risk of further decline. However, after rebuilding positions at the 0.84 level, the strategy has also been adjusted accordingly. This time, there's no longer a focus on the integer threshold of 1; instead, the focus is on the mid-term level of 0.875, where plans are to gradually close half of the position. This approach not only locks in some profits but also retains participation in any subsequent rebound.