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Do you understand this rhythm just now?
Around 0.50499, $SIREN kept struggling to go up, the resistance above was very strong, it rebounded but the follow-through was clearly insufficient, the pattern of sharp rise and fall has already appeared on the chart, I didn’t think too much about it.
I saw the selling pressure increase and the rebound weaken at 0.50499, the resistance above continued to suppress, the bears started to take over, so my thinking was very straightforward: go short, don’t hesitate, follow the chart.
Looking back, the price had already dropped to 0.49935, I captured the short-term space in this move, with floating profit reaching +27.38%.
It’s not exaggerated, but the rhythm was on point, taking this profit feels very comfortable.
Don’t be greedy for profits first, I suggest taking out 70% to lock in gains, and let the remaining 30% continue to run, if there’s still room for further decline later, see if it gives it or not;
Make sure to set a proper stop-loss for the position, keep an eye on the volatility, don’t let the profits be eroded.
If you missed it, wait for the next signal, keep an eye out for future reminders, don’t chase halfway. $BTC $ETH