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Honestly, this wave of shorts really showed us some respect. 🚨📉 When the market hadn't fully started yet, $AVAX it looked like it wanted to push up, but the more I watched, the more I felt it was fake: going up had no takers, volume wasn't cooperating, and it went soft as soon as it touched the resistance level.
A few days ago, while watching AVAX in the afternoon, what I saw was a weak bounce, not a strong continuation. Especially, several attempts to rally didn't hold, with clearly insufficient buying support, so at that time I reminded not to chase the long side, and to wait until it couldn't push further before opening a short position 👀📌
When it's time to profit, don't act indifferent.
Now the price has moved from 9.375 to 6.685, giving a return rate of +2033.68%. This wave of short positions has been smoothly realized 🔥💰🎉 Wait patiently at the beginning, and then you'll have a comfortable position later.
For the position, first close 80% of it. Don't be greedy for the last bite ✅🎯 Keep the remaining 20% as cost basis protection. If it continues to drop, let the profit run. If it bounces back, don't let the profit turn into a key level.
Chasing the tail gets you beaten. ⚠️ Those who missed out, don't chase. Wait for the next clear signal, wait for the next more comfortable entry 🔔
$BTC $ETH