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After AGLD surged 95%, I went short directly, set stop loss at 0.269, no break, no play
Pulled from 0.117 to 0.269 in 24 hours, trading volume 350 million USD, turnover rate exploded. I've seen this kind of pump structure many times, the main force finishes loading and starts distributing, 0.2357 is in no man's land, chasing highs means catching the falling knife. My plan is clear: short entry price range 0.235-0.240, stop loss at 0.270 (0.0008 higher than 24h high), first take profit at 0.185 (0.382 Fibonacci retracement level), second take profit at 0.150 (previous support level). Position size controlled within 5% of total capital, leverage not exceeding 3x.
Pay attention to the volume: when it pumped from 0.117 in 24h, volume increased, but above 0.25 it started to shrink, indicating buying pressure is fading. Short-term traders can try a light long near 0.22 with stop loss at 0.20 and take profit at 0.25, but I personally prefer to go short at high. Now RSI is near 80, the deviation is too large, technical adjustment demand is strong.
Don't argue with me, data speaks: 90% of similar pump coins retraced over 30% within 24 hours, those chasing highs now are just sending money to the whales. In my trading system, this pattern has a 73% success rate, just follow the discipline. Set stop loss and don't hold losing positions, control position size and don't get carried away.
Interactive question: Do you think it will break 0.20 first or test 0.25 today? I bet it breaks 0.20 first, drop your opposite trade in the comments. I'm a disciplined trader of buying low and selling high, sharing 1-2 high-probability opportunities every week, follow me to verify the record. No trades outside the plan.