Short Trade Update #4 + Today’s Recap: At 21:00, approximately $75,824, down 0.18% over 24 hours; approximately $2,239, up 0.16% (live data from CoinGecko). The short I opened at 13:00 between $75,800 and $76,100 had a midpoint entry of $75,950. The current price is $75,824, down 0.17%; on 100x leverage, that works out to an unrealized gain of about 17%—a full recovery from the -21% at 17:00. This trade is looking right so far, but we haven’t reached the target yet, so no celebrating just yet. The stop-loss remains at $77,500, with targets at $73,200 (take half off there) and $68,000; if a 4-hour candle closes above $76,250, I’ll admit I’m wrong and exit.
A few details worth noting today: The daily RSI is 38.78, still below the neutral line, with weak momentum (crypto.news). The liquidation heatmap shows a cluster of liquidation orders overhead between $76,500 and $77,500, right around my stop-loss; a sharp move up could trigger a cascade. Across the market, liquidations over the past 24 hours were down to about $165 million, with longs accounting for 60%—far below Thursday’s roughly $1.2 billion. Leverage has mostly been flushed out. Weekend volume is thin, and the price is hovering near my entry, so I’m not chasing the trade.
Today’s recap: I posted 8 updates today, all with charts. The main story: price fell from $80,449 to around $75,800. At 13:00, I clearly called for opening a short. The trade is now up about 17% on paper; neither the stop-loss nor the invalidation level has been hit. The direction looks right so far, but we haven’t reached the $73,200 target. Next: over the weekend, watch whether $75,500 holds; a 4-hour close above $76,250 means I’m wrong. The next catalyst is U.S. CPI next Friday. Do you think I should take half off at $73,200, or hold for $68,000? Let’s discuss in the comments. (Price: live data from CoinGecko at 21:00 Beijing time on November 7; chart shows price action over the past 24 hours.)
A few details worth noting today: The daily RSI is 38.78, still below the neutral line, with weak momentum (crypto.news). The liquidation heatmap shows a cluster of liquidation orders overhead between $76,500 and $77,500, right around my stop-loss; a sharp move up could trigger a cascade. Across the market, liquidations over the past 24 hours were down to about $165 million, with longs accounting for 60%—far below Thursday’s roughly $1.2 billion. Leverage has mostly been flushed out. Weekend volume is thin, and the price is hovering near my entry, so I’m not chasing the trade.
Today’s recap: I posted 8 updates today, all with charts. The main story: price fell from $80,449 to around $75,800. At 13:00, I clearly called for opening a short. The trade is now up about 17% on paper; neither the stop-loss nor the invalidation level has been hit. The direction looks right so far, but we haven’t reached the $73,200 target. Next: over the weekend, watch whether $75,500 holds; a 4-hour close above $76,250 means I’m wrong. The next catalyst is U.S. CPI next Friday. Do you think I should take half off at $73,200, or hold for $68,000? Let’s discuss in the comments. (Price: live data from CoinGecko at 21:00 Beijing time on November 7; chart shows price action over the past 24 hours.)
