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A few days ago it was still putting up a brave front, but today it has completely exposed itself! 📉😎 A few days ago, when I checked $ADA in the early morning, it kept trying to push up but couldn't break through with clean momentum. The resistance above was obvious, and the higher it went, the more it looked like a bull trap.
During the consolidation at high levels intraday, what I saw was a volume-less rally and insufficient buying support. ADA went up but no one was buying, and it immediately softened after pulling back. At that time, I judged that the window for short-profit taking was clearer, and I signaled to open short positions.
Now the price has gone from 0.2395 to 0.1494, with a profit showing +2672.31%. The timing was worth the wait. 🎯🔥 In this kind of market, what is to be feared is not slowness, but losing your composure first.
Once you understand, execute.
When making money, the biggest fear is suddenly getting carried away.
Position management is not complicated. First close 80% ✅💰 and use the remaining 20% as cost protection. If it continues to drop, let the profits run. Don't be greedy for the last bite, and don't fight the retracement.
If you missed the move, don't chase. 🚨 Chasing after a move is easy to mess up your mindset. Wait for a retest confirmation, wait for the next clear signal. Opportunities will come again, but good entry points are not made by chasing. 🔔
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