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Honestly, the drop was quite decisive! 📉😎 A few days ago in the early morning $NIL it was still teasing above, many people wanted to chase it when it didn't fall, but I was actually more cautious at the time. The reason is simple: no-volume rally, insufficient support, and persistent resistance above that haven't loosened.
During the intraday top formation, I saw NIL's rebounds each time didn't continue, just a quick surge that was pushed back down. This kind of market isn't the rhythm I like to chase, it's better to wait for a bearish confirmation before executing a short 👀
Until now, from 0.07288 to 0.03675, the profit has hit +2387.41%, this profit feels good, no wasted time watching the market 🎉💰
Understand it and execute, don't hesitate at the last moment.
First, close 80% to lock in the main profit ✅, leave the remaining 20% at cost to protect, if it continues to drop, let the profit run, and if it rebounds, don't let the gains turn uncomfortable 🔔📌
When making money, the most feared thing is a sudden surge.
If you didn't catch it, don't chase ⚠️ Wait for a pullback confirmation, wait for the next clear signal, be patient, the next shot is more important.
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