$HOME This trade went from “free money” to “cutting losses” in just three days.
The day before yesterday, I watched it fall from 0.0052 to 0.0046. I thought it had dropped nearly 10%, so it had to bounce, and I entered with a 30% position at 0.0046. But after I bought, it just went sideways like a dead fish. Yesterday afternoon, a single bearish candle sent it straight down to 0.0043. I watched the order book, hoping for a rebound before exiting, but it never came. 24-hour trading volume was 5.7M, and volume kept shrinking, leaving fewer and fewer buyers.
The lesson is simple: in a downtrend,