This wave of short covering is really showing some face! 📉😎 A few days ago, before bed, $OPN was still pretending to be strong at high levels, many people saw it holding steady and wanted to rush in, but I was becoming more cautious the more I watched: weak rebound, volume not catching up, resistance above still not loosened.


During the intraday top formation, OPN was testing around 0.171 back and forth, what I saw was a lack of upward momentum, and as selling pressure appeared, it softened 👀 I don't want to chase the hype in such places, just follow the short-selling approach and wait for it to realize profits on the downside 🎯
Now the price has come to 0.0814, with a profit of +2523.36%, hitting the right rhythm feels comfortable ✅🔥 Not every wave needs to surge; waiting for the right position is key.
Good positions are not chased after they appear.
Take profits when it's time.
First, close 80% of the position, don’t be greedy for the last bit 💰 Keep the remaining 20% at cost to protect, if it continues to drop, let the profits run, and don’t disrupt the rhythm if it rebounds 📌🛑
If you missed it, don’t chase; chasing after it easily gets you hurt ⚠️ Wait for the next move, wait until the new structure is clear, and act when the opportunity comes again 🔔
$BTC $ETH
OPN-1.24%
BTC2.04%
ETH2.37%
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