Woke up to
#XMR breaking the previous historical high of 521, market cap approaching 11 billion. Breaking new highs, circulating market cap exceeding 10 billion, meeting my target for building a long short position. Preparing to start gradual, left-side exploratory accumulation soon. The target for this upward surge is likely to catch up with the market cap of
$BCH , entering the top ten range. The peak target area is expected to be between 650–750, with a possible extreme of 800, but breaking 1,000 is unlikely.
Planning to initiate a left-side ant-position exploratory accumulation on Binance, gradually placing limit orders up to 700, with liquidation price controlled at 1000. When the second top appears, preparing to open a new position on OK to bottom-fish the position I got trapped in on Binance. The overall top accumulation cycle is expected to take about one month.
A reminder to everyone: Do not blindly follow me in shorting XMR recently. I have substantial floating profits on my
$BTC , ETH, and ZEC, and my own margin is still ample, so I can afford this exploratory, proactive 'eating the trap' strategy. If you blindly follow shorting, the risk will be very high.
Currently, there are no signs of topping out, and no divergence has appeared yet—this is a typical left-side trading scenario. Shorting carries extremely high risk, especially with high leverage and short-term speculation; liquidation during the topping phase can happen in seconds.
If you also want to take a long-term short position, I suggest:
1. Wait until my left-side exploratory position on Binance is deeply trapped before considering bottom-fishing.
2. Daily fixed investment of short positions, over a period of 1–2 months.
3. Wait for the second top to show divergence before building a position.
For the above strategies, it is recommended to keep the liquidation price below 1000. If the price rises to 700, the liquidation price can be raised to 1100—ensure sufficient margin is maintained. Those without strong mental resilience and patience are advised to observe and refrain from participating in shorting; just watch my accumulation process instead.
$ZEC belongs to the same sector and may experience a slight follow-up rebound, expected to reach around 450, but overall it is a weak rebound—slow to rise, fast to fall. My ZEC position will remain unchanged in the short term, with no plans to add short positions. The current focus is gradually building a long-term short position in Monero.