CKB Alert! A Quick Escape Guide for Those in a Bind!
1. The trend has worsened: The early morning rally is a trap for the bulls, with a large bearish candle breaking through key support, and bears are in control.
2. Huge pressure: The limit for a rebound is at 0.00625, which is a strong resistance level that cannot be surpassed.
3. Solutions for different positions:
Heavy contract positions/near liquidation: Immediately reduce your position or close it! Your life is the priority, don't gamble.
Light contract positions: Wait for the price to rebound near 0.00625; if it shows weakness, decisively cut losses.
High position in spot trading: Just hold on! Do not add to your position, wait for the macro environment to improve or for signs of price stabilization.
Medium to low position in spot trading: Be patient. If you really want to add to your position, you must wait for the price to drop to around 0.0055 and show consecutive signs of stopping the decline + lower volume, then add a small amount to average down your cost.
4. Core principles:
Recognize the trend: In a downtrend, a V-shaped reversal is difficult; do not fantasize.
Protect your capital: Especially in contracts, cutting losses is better than liquidation. Do not add randomly in spot trading.
Wait for opportunities: Getting out of a bind takes time; pay attention to whether 0.0055 can hold.
Seize the rebound: If there is a rebound to around 0.00625, it is an opportunity to reduce losses and escape, not a time to chase the price!
In one sentence: The trend is downward, 0.00625 is the escape route, and waiting to preserve your capital is the best strategy!
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