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Longs, stop being stubborn.
At 53.67, I see $LTC 's rebound is a bit weak, with resistance above pressing down, the pattern of rising then falling is very obvious, and the order book isn't in a state that can continue pushing higher.
So at 53.67, I didn't argue with it, once the signal appeared, I reminded to enter short positions based on the idea. Trading futures is like this, if the direction is wrong, admit it immediately; if the direction is correct, let the profits run for a while.
Now the price has already reached 53.33, the short position space has been created, with a profit of +44.95%.
It's not exaggerated, but this pace feels quite comfortable, and the judgment has also been confirmed.
My suggestion is to take 80% of the profit first, and keep the remaining 20% in a light position to see if it continues to decline, don't be greedy and give back the floating gains at the end.
For those still holding positions, manage your stop-loss and drawdowns well, don't hard-stand when volatility increases; if you miss this trade, don't chase lows, wait until I see new signals later before acting. $BTC $ETH