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Don't get me wrong, this wave of shorts is really impressive! 📉😎 Opening the charts this morning, $ARB directly delivered on the hesitation from a few days ago. The way price was grinding back and forth at highs a few days ago looked more and more like it was coiling for a single slash.
Before the market fully launched, I saw ARB rallying with no volume, pulling back with no takers, and every upward push fell short 👀 At that point, I judged the bounce was not strong enough, the risk of chasing longs was high, and shorts had more room. So I opened a short near 0.11559.
Now the price has dropped to 0.07413, with a yield of +2057.44% 🎉✅ This trade came through smoothly, and the value of the patient wait earlier is right here.
Good entries are earned by waiting, not by chasing.
Chasing from behind gets you beaten.
For handling, I first closed 80% 💰 Get the bulk into the bag, and protect the remaining 20% at cost. If it continues to drop, ride along; if it bounces back, don’t give back the profits 📌
If you missed it, don’t chase 🚨 Wait for the next clear signal, wait for the retracement confirmation, then open fire at a more comfortable position in the next round 🔔
$BTC $ETH