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Honestly, this wave of short covering was quite satisfying! 🔥📉 A few days ago in the afternoon, $ASTEROID was still hovering at high levels, many people wanted to chase because they couldn't see it falling. I was actually more cautious at the time; without volume on the rally, it would fall back as soon as it was pressed down.
During the intraday push higher, I wasn't looking at whether it was red or green, but whether anyone was catching 👀. Each time ASTEROID surged up, it lacked continuation, and when the rebound weakened, the short opportunity appeared. So I advised following the short-selling rhythm at that time.
Now the price has dropped from 0.0003486 to 0.0001013, a +1397.94% profit-taking, the rhythm was right, and the gains naturally go into the bowl 🎯💰.
Understand it and execute, don’t hesitate at the last moment.
When it’s time to take profits, don’t pretend to be calm.
First close 80% of your position, don’t be greedy for the last bite ✅📌. Keep the remaining 20% for cost basis protection; if it continues downward, let the profits run, and if it pulls back, don’t stubbornly hold on 🔔.
If you missed it, don’t chase ⚠. Chasing often leads to getting hit, be patient and wait for a pullback confirmation, and wait for a clearer entry point in the next round before acting 🚨.
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