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Just opened the market and saw $PENGU smashing downward, this wave of short positions really played out.
Before bed, the price was around 0.008654, I saw it consolidating sideways at high levels for a long time, buying volume couldn't keep up, and as selling pressure appeared, it started to push down, so I promptly reminded everyone to short at that time.
The market has already fallen back to 0.007461, with a +969.14% profit—hold on to it, the previous judgment was not wrong.
My suggestion is to take 80% of the profit first, and take the remaining 20% lightly, don’t give back what you’ve earned.
Those who have already followed, set your stop-loss properly, such coins can be quite volatile, and a rebound could happen at any time later; those who missed it, don’t chase now, wait for the next signal.
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