Seriously though, this chart really knows how to mess with people.🚨📉


A few days ago in the afternoon, $FOLKS was still struggling up there. Many people saw it wasn't dropping and wanted to jump in, but I grew more cautious the more I watched. There was no one buying on the way up, and each rebound was weaker than the last.
While everyone was still waiting and watching, I noticed that FOLKS's every rally fell just short. Volume wasn't keeping up, but resistance kept coming 👀 So my thinking at that time was simple: don't chase, wait until it can't push anymore, then go short.
Entry was around 2.561, now the price has hit 2.137, giving a return of +797.30% 🔥🎉 That was a sweet trade; anyone on board knows the feeling.
Don't be afraid of the grind; be afraid of panicking first.
Don't get emotional with your profits.
On this position, take the bulk off the table first, close 80% ✅💰 Leave the remaining 20% with cost protection. If it continues to drop, let the profits run; if it bounces back, don't let the rhythm of what you've already locked in become uncomfortable.
Those who missed out, don't chase the tail ⚠️ Good entries come from waiting, not chasing. Wait for the next clear signal, and act when a new structure emerges 🔔
$BTC $ETH
FOLKS-1.21%
BTC-1.69%
ETH-1.31%
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