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A few days ago, it was still pretending to be strong, but today it has revealed its hand! 🔥📉
During the intraday grind higher, $SIREN looked like it would continue pushing up, but what I noticed wasn't the rise, but the fact that it retreated as soon as it hit resistance above.
When the market hadn't fully started yet, SIREN's several bounces didn't sustain, and volume wasn't cooperating. When it went up, no one was buying. I won't chase longs in this structure 👀 So I went with the idea of resistance at highs and chose to open a short.
Now from 0.46953 to 0.03686, a +2259.67% has been realized. It feels good when you get the rhythm right 🎯🎉
Some money isn't made by impulse.
When it's time to take profits, take profits.
Position management is also clear: close 80% of the short first ✅, leave the remaining 20% with cost protection 📌. If it continues, let it run on its own. If it pulls back, don't give back the profits.
If you missed out, don't force a chase ⚠️ The market doesn't lack opportunities; it lacks patience. Wait for the next move, wait for a new structure to form before looking again 🔔
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