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Not gonna lie, the bears today really showed up! 📉🔥
A few days ago before bed $CGPT was still pretending to be strong at a high level. Many people looked at it and wanted to go long, but I became more cautious the more I watched. The rebound was weak, volume didn't follow, and the overhead resistance had never been broken.
Before the chart had fully started moving, I watched CGPT's several upward pushes. Each time it surged and then softened immediately. The buy orders couldn't sustain it, and the bull trap smell was getting stronger.
So around 0.03778 I opened a short position as planned 👀📌
Now the price has come to 0.01797, return +2525.16%, the short position has paid off, and the waiting wasn't in vain ✅💰
This isn't guessing; it's the signal given by the chart details.
That's the rhythm.
Chasing tails leads to getting hit.
In operations, don't linger. First close 80% 🎯, and use the remaining 20% as cost price protection 🛑.
If it continues dropping, let the profit run. If it rebounds, don't give back the profit already in hand.
If you missed it, don't chase ⚠️. The market doesn't lack opportunities; what it lacks is patience.
Wait for the next clear signal, wait for the next shot 🔔
$BTC $ETH