This drop really tore off the disguise of the market! 📉🔥


A few days ago, before bed, I saw $DOT still bouncing around at high levels, looking pretty strong on the surface, but the more I watched, the more it seemed虚. The resistance above has been there all along, and the volume hasn't kept up; every time it surged, no one was there to catch it. I immediately judged this move as more of a trap to lure in buyers, not suitable for chasing the rally.
Before the market fully started, I kept an eye on DOT's rebound strength, saw it soften with each push, and the support was clearly lacking, so around 1.264 I planned to open a short position 👀🎯
Now the price has dropped to 0.91, with a profit of +1987.20%, eating this short position feels really good ✅💰
This is the rhythm.
Don't be greedy with your position; first close 80%, and keep the remaining 20% to protect the cost basis 📌🛑. If it continues to fall, let the profits run; if it rebounds, don’t give back what you’ve earned.
When making money, the most feared thing is suddenly getting overconfident. ⚠️
If you missed the move, don’t chase; chasing can easily mess with your mindset. Wait for a clearer signal next time, wait for a pullback confirmation, then look for the next opportunity 🔔
$BTC $ETH
DOT-0.44%
BTC-0.24%
ETH-1.03%
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