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This smash really tore off the disguise of the market! 📉🔥
A few days ago before bed, I saw $SPK was still oscillating at a high level. On the surface it looked strong, but the more I looked, the weaker it seemed. There was constant resistance above, volume wasn't following, and every time it surged, no one bought it. I judged then that this wave was more like a bull trap, not suitable for chasing longs.
Before the market had fully started, I was watching SPK's rebound strength. I saw it go up and then soften, with clearly insufficient buying support. So around 0.02386, I shorted as planned 👀🎯
Now the price has dropped to 0.01723, with a profit of +1971.64%. This short meat tastes really good ✅💰
This is rhythm.
On the position side, I'm not greedy. First close 80%, leave 20% for cost basis protection 📌🛑 If it continues to drop, let the profit run; if it rebounds, don't give back the profit already in hand.
When making money, the worst thing is suddenly getting carried away. ⚠️
Those who missed it, don't chase. Chasing the tail-end easily messes up your mindset. Wait for the next clear signal, wait for a retrace confirmation before looking at the next shot 🔔
$BTC $ETH