This drop completely erased any drowsiness! 📉🔥


A few days ago before bed, I was staring at $CHIP . On the surface it was still hovering at a high level, but the more I looked, the weaker it felt: the breakout had no volume, it softened upon touching the top, and no one was buying the push up. This kind of chart is most afraid of fake excitement.
Before the chart had fully launched, I saw that CHIP's rebound strength was getting weaker and the support wasn't solid enough. At that time, I handled it with a bearish mindset and executed a short near 0.05416. 👀
Then in the morning when I opened the chart, the price had already dropped to 0.03012. This wave gave a yield of +2137.58%. The timing was truly spot on! 🎯💰
This is timing.
On position sizing, don't be greedy. First close 80%, pocket the lion's share; move the remaining 20% to cost price protection. If it continues to drop, let the profits run; if it retraces, don't give back the profits. ✅📌
Don't get emotional with profits.
If you missed it, don't chase. Chasing can easily mess up your mindset. ⚠️ Wait for a retrace confirmation, wait for the next clear signal. Move when a new structure emerges. The market doesn't lack opportunities, it lacks patience. 🔔
$BTC $ETH
CHIP-0.62%
BTC2.37%
ETH2.49%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned