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A few days ago, I still looked like I was just barely holding on, today I was caught outright! 🚨📉 When I opened the market this morning, $ADA this drop completely revealed the false strength from a few days ago. The resistance above has never loosened, so I didn't want to chase.
Before the market fully started, ADA rebounded several times but couldn't gather enough momentum, volume was insufficient, and support was weak. 👀 My previous guidance was very clear: don't be taken away by small rallies, wait until it can't push higher, then execute a short position, referencing 0.2401.
Chasing after it will likely get you hit.
Take profits when you can.
From 0.2401 to 0.1526 now, the return is +2588.79%, and this downward profit is comfortably earned. 🎯💰 The longer the grind before, the more decisive the exit.
I'll first close 80% ✅ and keep the remaining 20% to protect the cost basis. If it continues to drop, let the profits run; if it rebounds, don't fight it, don't get emotionally attached to profits. 🛑
If you didn't catch it, don't chase; the more anxious you are, the easier it is to lose rhythm. ⚠ Wait for a pullback confirmation, wait for a clearer position in the next round, there will be more opportunities. 🔔
$BTC $ETH