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Don't mention it, today's move really made the market clear. 📢📉
Opened the market in the morning, $FOLKS directly exposed the fake strength from a few days ago. A few days ago it was still grinding higher, but the problem of insufficient support didn't hide at all.
When the market hadn't fully started yet, I saw FOLKS' upward move had no volume, and the rebound softened as soon as it neared a key level 👀 I don't want to chase longs in such a position, instead I prefer to wait for bears to exert force, so I opened a short near 2.561.
Now the price has come to 2.23, with a yield of +622.42%, satisfying ✅🔥 This isn't a random guess; earlier I saw resistance, and later I waited for realization.
Chasing the tail, easy to get hit.
Good positions are waited out, not chased.
In operation, first close 80% 💰 Take the big chunk off the table first, and use the remaining 20% for cost protection 📌 If it continues to drop, let the profits run; if it bounces back, don't let the gains turn uncomfortable.
If you missed it, don't chase 🚨 Wait for the next clear signal, wait for a retracement confirmation; the market doesn't lack opportunities, it lacks patience 🔔
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