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Don't rush to call a reversal—this drop is the real signal! 📢📉
Checking the chart $FOLKS this morning, the grinding high structure from a few days ago has already been broken. Actually, a few nights ago before bed, I felt something was off—resistance kept pressing down, volume was weak on the up moves, and no one bought the dips. It looked strong on the surface but was weak underneath.
Before the chart fully moved, I saw FOLKS repeatedly testing the high around 2.561 but failing to hold, so I opened a short as planned. Now the price is at 1.859, with a gain of +1320.06%. The grind was tough, but once it broke out, it was worth it 🔥✅💰
Good entries are waited for, not chased.
Chasing tails gets you burned.
On position sizing, I'm not greedy—first close 80%, leave the remaining 20% with a cost-protection stop 🎯📌. If it keeps dropping, let the profits run; if it bounces, don't let the rhythm get disrupted.
If you missed it, don't chase—chasing into a move messes with your mindset ⚠️👀. Wait for a retest confirmation, wait for a more comfortable entry on the next leg. Only move when the signal is clear.
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