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A few days ago it was still pretending to be strong, but today the bears directly pushed it down. 📉🔥
Before the market fully started, $CHZ it looked like it would keep grinding upward, but on closer inspection there was no volume, no support, and no follow-through on the upward move.
A few days ago in the early morning, I was watching CHZ's rhythm. The most obvious feeling was that no one was buying above 👀 each bounce was a step short, and it softened as soon as it touched the resistance level. So I reminded not to get carried away by small pumps, and it was easier to go short.
Now the price has gone from 0.03552 to 0.01882, with a return of +2264.18%. The profit from this drop was realized very cleanly 🎯🎉 by holding back earlier and not moving recklessly, only then could we enjoy this comfortable meat.
This is the rhythm.
Chasing tails leads to getting hit.
Position management is not complicated. First close 80% ✅💰 and protect the remaining 20% with cost price. If it continues to drop, let the profits run. If it bounces back, don't give back what you've already taken.
If you missed it, don't chase ⚠️ The market does not lack opportunities, it lacks patience. Wait for a retest confirmation, wait for the next clear signal before making a move 🔔
$BTC $ETH