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Don't rush to call a reversal; this move down is the real answer! 📉🚨 During the intraday rally, $FIL looked like it was still holding up, but in reality, it wasn't as strong inside.
A few days ago, early morning, I was watching FIL, seeing it surge without volume, with weak rebounds, every push-up was met with resistance 👀 I judged at the time that this looked more like a trap at high levels, not a healthy upward attack, so I chose to short around 1.0491, avoiding chasing that fake rally.
Now the price has dropped to 0.7808, with a short position profit rate of +1232.98% 🔥🎯 I handled this move quite comfortably; once the direction opened, the previous waiting was worth it.
When it's time to eat meat, don't pretend to be calm.
Don't get emotionally attached to profits.
Position management is straightforward: first close 80% ✅💰, keep the remaining 20% at cost to protect, if it continues to fall, let the profit run, if it rebounds, control the retracement, don't be greedy for the last bite.
If you missed it, don't chase ⚠️ Chasing can easily mess with your mindset, wait for a clearer signal next time, wait for a pullback confirmation before acting, there will always be another shot in the market 🔔
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