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Following along, first check the account! $KITE This short position has already taken effect, entered at 0.21584, and the market has been steadily falling back. The floating profit in the account goes without saying; just look at it yourself, it’s enough to wake you up.
At 0.21584, I saw clearly that there was heavy resistance above, the rebound was weak, and there was a sign of capital outflow in the order book. Several attempts to push higher didn’t give any continuation. I didn’t hold on; once the signal appeared, I immediately followed the short position plan and entered, the direction is short.
Now the price has already reached 0.20303, the space has been realized, with a profit of +285.81%, and this trade is considered successful.
My approach is very simple: take back 75% first, keep the remaining position lighter to see if there’s still room for further decline, don’t give back the profits already gained.
For those still in the position, set a protective stop-loss; don’t hold on tightly when volatility increases.
For those who haven’t entered this trade, don’t chase random positions; I’ll notify you when I see new signals later. $BTC $ETH