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Don't rush to call a reversal; this round of shorts is really giving face! 🚨📉 A few days ago in the afternoon, $PENGU was still grinding up there, and the chart looked like it was about to break out, but the more I looked, the weaker it seemed.
While everyone was still waiting, I watched the bounce strength of PENGU and found that the volume simply didn't follow. When it went up, no one was buying it, and the resistance broke down at the slightest touch 👀. At that moment, I told myself not to get carried away by the green candles, and to go short directly around 0.008848.
Some profits aren't made by impulse.
Now it's dropped from 0.008848 to 0.005915, with a gain of +2352.08%. When you nail the rhythm, it feels great 🎯🔥. When you catch a pullback like this after a high-level rejection, don't pretend to be calm.
For the position, I've stashed the bulk first, closing 80% ✅💰. For the remaining 20%, I've set a cost price protection. If it continues to drop, let it run. If it bounces back, I won't linger.
Those who missed it, don't chase ⚠️. Chasing tends to get you slapped. Wait for the next signal before acting. The market doesn't lack opportunities; what it lacks is patience 📌.
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