2025-12-07 20:21:12

Woke up this morning and checked the market, BCH shot straight up to 595. This position is floating a loss of several thousand USDT, but at least my position size is under control and I haven’t been liquidated. To be honest, I’m a bit nervous and it doesn’t feel like there’s much hope for a comeback this time.

BTC is going up today, and I thought altcoins would follow. But I still chose to short, and now I’m in a tough spot. My mentality is definitely shaken, and I’m not sure if I should keep holding on...

BCH-5.04%

BTC-2.36%

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DAOdreamer

· 12-10 18:46

Shorting altcoins is just asking for death. When BTC rises, you can't keep up; when BTC drops, you're hammered. This round has been really unlucky.

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pvt_key_collector

· 12-10 15:41

Going short requires mental preparation; the rebound is the hardest to endure...

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GateUser-e19e9c10

· 12-10 05:37

This wave of short BCH has indeed stretched the curse of reverse operation

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SandwichTrader

· 12-08 10:27

Shorting altcoins is really a brilliant move. Losing a few thousand and still being able to handle it—I would’ve already lost my cool if I were you.

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MoonRocketman

· 12-07 20:51

Haha, this is a typical gravity pullback phase. The 595 level is actually the resistance at the upper Bollinger Band, and the RSI hasn't even entered the overbought zone yet. I understand the feeling of being stuck between a rock and a hard place, but the key is to calculate the escape velocity clearly. If you keep holding, you need to set a proper stop-loss level.

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OnChainDetective

· 12-07 20:51

At the 595 price level, I need to dig into the recent large transfer records... Something feels off.

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MidnightTrader

· 12-07 20:47

This is the price of shorting. Didn't expect BTC to rise and the altcoins to follow? I understand the feeling of being stuck between a rock and a hard place—whether to hold on or close the position. Honestly, mindset is the most important thing.

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MevHunter

· 12-07 20:42

I understand the feeling of being stuck in a difficult situation. Shorting feels great for a moment, but when the market pulls back, it’s a total disaster. BTC is rising while altcoins are moving in the opposite direction—this move is really something else.

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DegenTherapist

· 12-07 20:38

Haha, this move is really tough. What short sellers fear most is this kind of breakout in the opposite direction—it feels like a mental breakdown.

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SmartContractPhobia

· 12-07 20:36

It just rebounded for nothing, that's the daily routine of altcoins.

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