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Once this move started, the previously stubborn market suddenly went quiet! 🚨📉 A few days ago before bed $IP was still fluctuating at high levels, 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 for IP's support and trading volume; every time it went up, no one was willing to buy in, and each rebound was weaker and weaker 👀 The resistance above hasn't loosened, and the buying momentum isn't decisive. In this position, I judge that the probability of the bears' profit-taking is higher, so I suggest opening a short.
Now the price has dropped from 0.4792 to 0.3145, with current gains of +1655.17% 🎯💰 The previous move was real grinding, and the breakout was truly satisfying. When the rhythm is right, it feels very comfortable.
Chasing after the move will only 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 the cost basis to protect profits. If it continues to fall, keep watching; if it rebounds, don't give back the profits.
If you didn't catch it, don't chase ⚠️ Wait for a pullback confirmation, wait for the next clear signal. The market opportunities are always there; don't let emotions lead your hands away 🔔
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