The grinding market from a few days ago finally played out today!📢📉


When the market hadn't fully launched yet, $AVAX kept swinging at highs, looking like it would continue to push, but a closer look reveals all problems: no buyers when going up, volume not keeping up, each rebound weaker than the last, the smell of a bull trap getting stronger.
A few days ago in the early morning, I was watching AVAX and saw that the resistance above was never eaten through👀 When the price reached around 9.191, the signal was already quite clear: do not chase longs, open a short according to plan, and wait for the bears to exert themselves.
Take profit when it's time.
Now the price has come to 6.681, with a gain of +1938.51%. This short position was closed out very cleanly🔥✅ The grinding earlier was painful, but when it plays out, it's truly satisfying.
Position management is also simple: don't be greedy for the last bit, first close 80%📌💰 The remaining 20% is used for cost basis protection; if it continues to drop, I'll follow; if it retraces, I won't let the profit become uncomfortable.
Don't get emotional with your profits.⚠️
If you missed it, don't chase; chasing can easily mess up your mindset. Wait for a retest confirmation, wait for the next clearer signal before taking action.
$BTC $ETH
AVAX2.14%
BTC4.38%
ETH4.50%
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