Regarding the trade on @Btc星辰 , I've got a plan to hedge my position; I'd appreciate your analysis:
First off, it's a consensus that the bear market isn’t ending anytime soon.
Secondly, it's going to be tough to break even in the short term, especially with large capital that might be under scrutiny.
Third, if we retrace to 50%, it’s too risky to add to my position.
Time for space:
For instance, I could short one-third into the market, pushing the liquidations further away; targeting around 40k would be much better, potentially making the whales back off.
If we enter a short and then see a violent rebound soon after, it's definitely being watched. If it drops, having a short position means avoiding liquidation comes first.
Q: What if it goes up, how do we manage the shorts?
A:
"Assuming we bounce back to around 2000, I could estimate a long position to hedge, maybe add to the short to reduce the average price by half; a slight pullback would help close the short."
Q: What if it only bounces to 1800?
A:
"That depends on the situation; I could scale back one-third of the long position, still keeping the longs outweighing the shorts, and with Star's trading level, I could swing trade to recover losses."
Q: What if Bitcoin drops to over 40k?
A:
I'd reduce my long positions to avoid liquidation, bringing down the liquidation price.
In summary:
This strategy is objective and rational; I hope Star can win. The whales are playing rough, pushing liquidation down to 40k, and even a small short in there makes it easier to close after the bounce.
What do you think, everyone?
First off, it's a consensus that the bear market isn’t ending anytime soon.
Secondly, it's going to be tough to break even in the short term, especially with large capital that might be under scrutiny.
Third, if we retrace to 50%, it’s too risky to add to my position.
Time for space:
For instance, I could short one-third into the market, pushing the liquidations further away; targeting around 40k would be much better, potentially making the whales back off.
If we enter a short and then see a violent rebound soon after, it's definitely being watched. If it drops, having a short position means avoiding liquidation comes first.
Q: What if it goes up, how do we manage the shorts?
A:
"Assuming we bounce back to around 2000, I could estimate a long position to hedge, maybe add to the short to reduce the average price by half; a slight pullback would help close the short."
Q: What if it only bounces to 1800?
A:
"That depends on the situation; I could scale back one-third of the long position, still keeping the longs outweighing the shorts, and with Star's trading level, I could swing trade to recover losses."
Q: What if Bitcoin drops to over 40k?
A:
I'd reduce my long positions to avoid liquidation, bringing down the liquidation price.
In summary:
This strategy is objective and rational; I hope Star can win. The whales are playing rough, pushing liquidation down to 40k, and even a small short in there makes it easier to close after the bounce.
What do you think, everyone?