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Don't rush to cheer, pocket the profits first! 📉💰
Opening the market this morning, $KITE this wave of decline has realized the high-level grinding structure from a few days ago, which is truly refreshing to see.
A few days ago in the afternoon when I was looking at KITE, its rebounds were getting weaker each time, no one was buying when it went up, and volume couldn't keep up👀 At that time, I judged this wasn't a strong continuation but more like a fake breakout preparing for a pullback, so I suggested opening a short near 0.19676, not following the chase.
Now the price has come to 0.10444, with gains showing +2259.57%. This short position has been realized decisively🔥🎯 The rhythm was accurate; when eating meat, don't pretend to be calm.
This is execution.
Trades that are chased are the easiest to panic.
In operation, first close 80% ✅📌 Take profit on the majority first, keep the remaining 20% with cost protection; if it continues to drop, let the profit run; if it bounces back, don't stubbornly hold🛑
Those who missed it, don't chase⚠️ Wait for the next clear signal, wait for a retest confirmation, wait for a more comfortable entry in the next round🔔
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