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The market that was stubborn just a moment ago has suddenly softened! 🚨📉
A few days ago in the afternoon, $MAGMA was still testing back and forth near the top. Many people saw that it wasn't falling and wanted to chase, but I felt something was off the more I looked: the rebound was weak, and it softened as soon as it faced selling pressure above.
While everyone was still waiting and watching, I noticed that MAGMA's every pullback was one step short, buying pressure couldn't keep up, and support was insufficient 👀. This kind of level looks lively, but it's actually easy to trap longs. So I waited for the bears to cash in and opened a short position as planned.
Now from 0.53459 down to 0.43048, a return of +383.45%. That was a satisfying trade ✅🔥. It's not that the market was generous; it's that the rhythm was right.
Take profits when it's time.
Don't get emotional about profits.
In terms of management, pocket the bulk first: close 80% 💰📌. For the remaining 20%, move the stop loss closer to cost. If it continues to drop, let it run; if it bounces back, don't stubbornly hold 🛑.
If you missed it, don't chase. Chasing the tail is easy to get hit ⚠️. Wait for a more comfortable entry in the next round. Wait for a new structure to appear before making the next move 🔔.
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