Are the longs still stubborn?


Around 0.7237, $PROS the market has already been quite awkward, with no volume on the rebound, and the resistance above has been persistent. The price can't push upward, and there's a sign of pressure causing a pullback.
I didn't want to waste time with it at that moment; my short idea was very clear, and I was reminded to short as soon as the signal appeared.
Now the market has dropped to 0.6145, and the short position has already gained room, with profits reaching +297.10%.
This isn't luck; after confirming the pressure, I followed the trend and went short. If the rhythm is right, it's time to take profits.
Don't be greedy at this profit level—take 75% off first and put the gains into your pocket, and keep the remaining 25% to see if there's further downward continuation with floating profits.
For those still holding positions, set your protective stops properly; don't let large volatility cause profits to be lost.
If you missed this trade, don't chase aggressively; wait until I see new signals later. $BTC $ETH
PROS-0.67%
BTC-1.71%
ETH-1.63%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned