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A few days ago, the last glance before bed, $BCH was still oscillating at a high level, and I knew there was a good chance of a downward correction 📉🔥 The most feared thing in the market is not sideways dragging, but dragging on until the chasing traders' mentality is worn down.
A few days ago in the afternoon, when I was watching BCH, I saw that the resistance above had not loosened, and each rebound was weaker than the last, with volume not keeping up 👀 I wouldn't chase the hype at this level, but would rather wait for it to tear through the false layer first.
From 345.75 to 199.47, this move was very comfortable with a +3001.98% rhythm ✅ Take 80% profit first, leave the remaining 20% at cost to protect, and if it continues downward, let the profits run themselves, don’t be greedy for the last bit.
This is the rhythm.
Don’t get emotionally attached to profits.
If you missed it, don’t chase; chasing tail easily messes with your mindset ⚠️ Wait for clearer signals next time, wait for a pullback confirmation before acting, the market is not short of opportunities, what’s lacking is patience 🔔
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