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This drop really woke up those who chased highs! 🚨📉
A few days ago before bed I was staring at $CHIP , the price was still grinding up there, looking tough on the surface, but volume wasn't following, no one was buying the pushes up, every time it tried to rise it got pushed back.
Before the chart had fully started moving, I saw that CHIP's bounce was getting weaker, the resistance above was persistent, and the fake-out vibe was strong 👀 At that time I warned not to chase, wait until it can't push further, then execute a short near 0.04307.
Now from 0.04307 down to 0.03077, profit +1375.30%, this short meat was really satisfying 🔥🎯 The grinding before was painful, but once it broke out it was clean.
This is the rhythm.
Don't get emotional with profits.
I'll first close 80% of my position ✅💰 Put the bulk in the pocket first, leave 20% as cost protection. If it continues to drop let the profit run, but if it bounces back don't give back the profits.
If you missed it don't chase ⚠️ Chasing from behind easily messes up your mindset, wait for the next clear signal, for a more comfortable entry after a retest confirmation 🔔
$BTC $ETH