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Seriously, this drop is so satisfying! 🔥📉
When the market was grinding the top during the session, $CHZ looked like it wanted to push higher, but what I saw wasn't strength, but weakness: volume-less rallies, overhead resistance, and bounces that collapsed on contact.
A few days ago in the afternoon, I was watching CHZ's rhythm, and the more I looked, the more it seemed like a trap at highs. Buyers were unwilling to keep absorbing, and the moment sell pressure appeared, the chart went soft. I advised treating it as a bearish rhythm, and not to be misled by that fake breakout 👀📢
I then opened a short position around 0.02668. Now it's down to 0.01766, with a return of +1628.12%. That was a smooth profit ✅💰
Understand it and execute. Don't hesitate at the crucial moment.
Don't be greedy with the position. Close 80% first, keep the remaining 20% with cost protection. If it continues, let the profits run. If it bounces back, don't disrupt the rhythm you've already caught 🎯📌🛑
Take profits when it's time.
If you missed it, don't chase. Chasing the tail can get you burned ⚠️. Wait for a more comfortable position in the next round, and wait for the next clear signal to act 🔔
$BTC $ETH