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Don't rush to call a reversal, this round of shorting has already paid off! 📉😎 During the grinding high in the session, $PENGU it looked like it wanted to push up further, but that kind of rally was weak, the rise was not crisp, and the pullback came quickly.
When the market hadn't fully started yet, I saw that the resistance above PENGU was persistent, buying pressure didn't follow through continuously, each bounce was weaker than the last 👀 My judgment at the time was: no one bids on the way up, shorts can easily get results, so I opened a short around 0.008448.
Now the price is at 0.00607, this round's profit is +1997.30% 🎯💰 Although the grind was annoying earlier, once the direction came out, it was truly unambiguous.
Take profits when you should.
When making money, the most feared thing is suddenly getting carried away.
Manage position size according to rhythm, first close 80% ✅ Leave the remaining 20% with a cost price stop📌 If it continues to drop, leave some room; if it bounces back, don't give back the profits already taken.
Those who missed out, don't chase the entry or the low⚠️ Chasing tails is easy to get hit, wait for the next signal before acting, waiting for a pullback confirmation will be more comfortable🔔
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