$UMA was greedy last night, long orders were unfair, deep positions were difficult to recover, and profits were retracted!

On my third day as a rookie at Binance, I placed a long order on UMA last night. When I made a profit, I kept debating whether to close the order, but I was too greedy and always wanted to go higher. As a result, I couldn't close the order for a while, and I was deeply trapped!

Judging from today's situation, this long order has no chance to correct at present, and we can only wait for the right opportunity to close the order. Looking at it now, if you want to reduce losses on this contract, you need to pay attention to the following three issues:

The first is to pay attention to the rate. Although the current rate is still negative, it has been significantly reduced, indicating that the number of long orders is growing rapidly and the number of short orders has been gradually reduced. Once the rate becomes positive, it is likely that the banker will start to harvest. Before the rate becomes positive, the order must be closed, even if there is a loss.

The second is to pay attention to the trend. Looking at the current trend, UMA's decline has not stopped. If according to the Fibonacci of the highest point, the first wave of decline should be completed between 4.5-5. If the banker is very strong, then pull directly Lift. However, it is also possible to pull it a little and then smash it down more completely. So for now, it seems that it is better to wait until it is above 5 and look for opportunities to cut it out.

The third is to pay attention to the news. At present, all altcoins are rising. New altcoins have already started to rise. Immediately, all the funds will go elsewhere. So if you think about UMA reaching new highs, at least it will not happen in the near future. The dealer may have already run away, leaving me and other rookies struggling to hold on.

Therefore, the next strategy is to pull up and run without hesitation or hesitation. After all, it is too cold at this high place. The current position of 5 has been broken. No one knows how much it can fall further. Once it is a guillotine, then it will There is nothing we can do!

So even if you lose, you have to admit your losses and get out!