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Honestly, this drop is so satisfying! 🔥📉
During the intraday grinding at the top, $CHIP looked like it wanted to push up, but what I saw was not strength, but weakness: volume-less rallies, resistance above, and rebounds that crumble at the first touch.
A few days ago in the afternoon, I watched CHIP's rhythm, and the more I looked, the more it seemed like a high-level bull trap, with buyers unwilling to keep buying, and the market softening as soon as selling pressure emerged. At that time, I reminded to handle it according to the bearish rhythm, and not to be led astray by that false surge 👀📢
Later, I opened a short near 0.05401, and now it's at 0.02976, with a return of +2162.24%. This profit came smoothly ✅💰
Once you understand it, execute. Don't hesitate at the critical moment.
Don't be greedy with the position. First close 80%, protect the remaining 20% at cost price. If it continues, let the profit run, but if it bounces back, don't disrupt the rhythm you've already captured 🎯📌🛑
Take profits when you should.
If you missed it, don't chase. Chasing tails can get you hit ⚠️ Wait for a more comfortable position in the next round, wait for the next clear signal before moving 🔔
$BTC $ETH