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Honestly, this round of short covering is quite satisfying! 🚨📉
A few days ago in the afternoon, $BCH was still grinding up there, many people thought it looked like it would break out, but I felt the more it rose, the less conviction it had, volume didn't follow, and it softened as soon as there was selling pressure above.
While everyone was still waiting, I noticed that BCH's rebound was clearly weak, several upward attempts had no takers, and the fakeout signs were getting stronger. 👀
The thought process was simple at the time: don't chase, wait for a position where it can't push higher and go short, entry reference around 344.95. 🎯
Now the price has hit 204.02, profit rate +2898.90%, the grind was real, but the move was also truly rewarding. 🔥💰
Take profits when it's time.
Don't get emotional with profits.
I'm closing 80% first, moving the remaining 20% to cost basis protection. ✅📌
If it continues to drop, let the profits run; if it bounces back, it won't make the profit uncomfortable. 🛑
Those who missed it, don't chase, chasing tails gets you beaten. ⚠️
Wait for a pullback confirmation, then look at the next signal. 🔔
$BTC $ETH