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This one came out, and the chart directly stopped pretending! 📢📉 When I opened the chart this morning, $ALLO had already exposed the fake strength from a few days ago. A few days ago in the early morning, it was still stubbornly holding at a high level, but volume didn't cooperate, and it weakened as soon as it was pressed from above.
At that time, I saw the details of ALLO very simply: a volume-less pump, no one buying at the top, and no continuation of the rebound 👀 This kind of chart is not afraid of it pretending, but afraid that you get led by its rhythm. So at that time, I suggested to open a short position.
From 0.29497 to now 0.28607, the profit shows +73.98%, this short wave was cashed out very cleanly ✅🔥 The wait was not in vain, the direction was given decisively enough.
Not afraid of it grinding, but afraid that you panic first.
Good positions are waited for, not chased after.
Close 80% of the position first 📌 The remaining 20% is protected at cost price 🔔 If it continues to drop, let it run; if it bounces back, don't let the profit become uncomfortable.
If you missed it, don't chase ⚠️ Chasing now can easily mess up your mindset, wait for the next clear signal, wait for a retracement confirmation before looking for opportunities 🎯
$BTC $ETH