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A few days ago it was still pretending to be strong, but today this move directly clarified the direction! 🚨📉 While the price was grinding higher during the session, $BCH it looked like it would continue to rally, but what I noticed was a volume-less pump, no takers on the way up, and increasingly weak bounces.
While everyone was still waiting and watching, I saw BCH unable to hold steadily around 414.78, turning soft under any pressure above. This kind of price action is the easiest to lure people into chasing. 👀 So at that time I suggested to handle it with a 'short' mindset, not to fight against fake breakouts.
Chasing tails leads to getting beaten.
Now from 414.78 to 192.75, the profit has been realized at +3798.22%. This was a clean catch. Those who held back and didn't act impulsively earlier should be feeling very comfortable today. 🔥✅💰
In terms of operations, first close 80% of the position, and use the remaining 20% for cost price protection. 📌🎯 If it continues to drop, let it run on its own. If it bounces back, don't get emotional about profits. Rhythm is more important than fantasy.
When it's time to eat, don't pretend to be calm. ⚠️ Those who missed out, don't chase. Wait for the next clear signal and see the new structure. 🔔
$BTC $ETH