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Don't rush to call for a rebound, this wave of downward selling is the key! 🚨📉 A few days ago in the afternoon, $SPK was grinding at the top for a long time, it looked like it was gathering strength, but what I saw was the rebound getting weaker, the volume couldn't keep up, and no one was there to catch it when it went up.
Before the market fully started, I kept an eye on SPK's upward momentum, 👀 each dip was just short of a breath, and whenever there was selling pressure near the resistance level, it would pull back. I won't chase this rhythm too much, instead, I wait for it to show signs of fatigue, and execute a short around 0.02386.
Now the price has dropped to 0.01724, with a profit of +1968.67%, this short position is very comfortable 🎯💰. It was annoying to grind earlier, but it feels great to exit.
When it's time to take profits, don’t pretend to be calm.
Take profits when you should.
First close 80% of the position ✅, and keep the remaining 20% at the cost price for protection 🛑. If it continues to drop, let the profits run; if it rebounds, don’t give the profits back.
If you missed it, don’t chase ⚠. Chasing the tail is the easiest way to mess up your mindset. Wait for a pullback confirmation, wait for the next clear signal, and look for new opportunities when they appear 📌.
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