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I must say, this wave of short sellers is really showing respect!📉🎉
A few days ago in the early morning $KITE was still pretending to be strong at a high level, the price slowly inching up, but the more I looked, the more I felt it was weak, volume not cooperating, and the resistance above wasn't really broken.
During the session when it was grinding higher, I noticed that every time KITE bounced, it struggled, going up with no takers, and as soon as selling pressure emerged, it immediately fell back👀 I don’t like chasing such market conditions; instead I prefer to wait until it can no longer push up and then open a short.
Now it has gone from 0.20923 to 0.10418, directly realizing +2417.91%✅🔥 Earlier it looked like a grind, but after it played out, it feels great. When the rhythm is right, you don't need to shout too much.
Understand it and execute, don’t hesitate at the doorstep.
When it's time to eat meat, don't act calm.
Position management is simple: first close 80%🎯📌, the remaining 20% acts as cost price protection; if it keeps dropping, keep watching; if it bounces back, hold onto the profits already taken.
If you missed it, don’t chase🚨 Chasing can easily get you burned; wait for the next structure to emerge, wait for a more comfortable position to look for opportunities📢
$BTC $ETH