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A few days ago it looked like it was about to make a strong upward push, but today it has completely played out the short script. 📉😎 Opening the chart this morning, $LQTY had already weakened noticeably. That feeling of grinding sideways at highs before going to bed a few days ago was actually a bad sign.
What I saw was a low-volume rally, insufficient buying pressure, and it turned soft as soon as there was resistance from above. 📌 When LQTY was around 0.2713, I judged the bounce to be more of a bull trap than a real breakout, so I conveniently opened a short position and didn't chase that fake strength.
Now, the price has come to 0.1839, with gains showing +1551.42%. 💰🎉 Those who were on the trade should be laughing in their sleep. Endure the earlier part, and you'll reap the rewards later.
If you understand it, just execute. Don't hesitate at the critical moment.
When you're making money, the worst thing is to suddenly lose discipline.
Handling this wave isn't complicated: first close 80% and lock in the bulk of the profits. ✅ Leave the remaining 20% as a cost price protection. If it continues to drop, hold on. If it rebounds, don't get attached. 🎯
If you missed it, don't chase. ⚠️ Good entries are found by waiting, not by chasing. Wait for a retest confirmation, wait for the next clear signal before moving. 🔔
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