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Once this move started, the previously stubborn market suddenly went quiet! 🚨📉 A few days ago, before bed, $ARB was still fluctuating at high levels, and many people wanted to chase as long as it didn't fall. I was actually more cautious at the time.
During the intraday grind higher, I was watching ARB's support and volume, but every time it went up, no one was willing to buy in. The rebound was weaker and weaker, 👀 resistance above remained tight, and buying was not decisive. In this position, I judged that the probability of the bears' profit-taking was higher, so I signaled to open a short.
Now the price has dropped from 0.11559 to 0.08202, with current gains of +1666.30% 🎯💰. The previous move was genuine grinding, and the breakout was truly satisfying. When the rhythm is right, it feels very comfortable.
Chasing after the move will likely get you hit.
Good positions are not chased out; they are waited out.
Position management isn't complicated: first close 80% ✅📌, and keep the remaining 20% at cost to protect, then continue watching if it drops further. If it rebounds, don’t give back the profits.
If you missed it, don’t chase ⚠️. Wait for a pullback confirmation, wait for the next clear signal. Market opportunities are always there; don’t let emotions lead your hands away 🔔.
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