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Opening the charts this morning really woke me up! 🚨📉 A few days ago in the afternoon $AVAX was still grinding above, looking resilient on the surface, but the details were weak: weak bounces, no volume support, each pullback felt like it was running out of steam.
Before the market fully started, I was watching the resistance above AVAX. It pushed up without sustained buying, but the pullback was clean. With this structure, I didn't want to chase longs; I just waited for a short-seller's profit-taking window to appear. 👀📌
So I opened a short around 9.169, and now it's hit 6.754, giving a profit of +1868.10%. Comfortable, this meat was worth the wait. 🔥💰✅
Some money isn't made by impulse.
Position-wise, follow the discipline: close 80% first, the remaining 20% with cost basis protection. 🎯🔔 Let the profits run if it continues, but don't give back profits if it bounces back.
If you missed it, don't chase; chasing tails is easy to get hit. ⚠️ Wait for a more comfortable position in the next round, and see when a new structure emerges. 📢
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