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The market, which was just being stubborn, suddenly gave in!🚨📉
A few days ago in the afternoon, $MAGMA was still testing the upper range. Many people saw it not dropping and wanted to chase, but I felt it was becoming more and more suspicious: the rebound was weak, and it would soften as soon as it was pressed from above.
While everyone was still waiting, I noticed that every time MAGMA pulled back, it was just a bit short, buying pressure couldn't keep up, and support was insufficient 👀 This position looks lively, but it's actually easy to lure longs, so I waited for the bears to cash in and went short as planned.
Now it has dropped from 0.53459 to 0.43048, with a yield of +383.45%. This profit was satisfying ✅🔥 It's not that the market gave me face, but that I got the timing right.
Take profits when it's time.
Don't get emotional about profits.
In terms of handling, first put the bulk into the pocket, close 80% first 💰📌 Move the stop loss for the remaining 20% closer to cost price. If it continues to fall, let it run; if it bounces back, don't hold on stubbornly 🛑
If you missed it, don't chase. Chasing from behind is easy to get hit ⚠️ Wait for a more comfortable position in the next round. Wait for the new structure to emerge and then make your next move 🔔
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