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A few days ago, it looked like it was about to surge, but today it completely wiped out the bulls' momentum! 🔥📉
In the morning, when I opened the chart, $AVAX had already dropped from its highs. Those annoying fake strength from a few days ago are now very clear.
While it was hovering near the highs during the session, I saw that AVAX wasn't showing signs of a breakout, but rather insufficient support 👀 Volume didn't follow through, the bounces got weaker each time, and the overhead resistance was never taken out. So at around 9.392, I opened a short position.
Now the price has come to 6.797, with a return of +1961.24% 🎯💰 This is how direct short profit taking is. In the past, I wasn't afraid of it consolidating, but I was afraid you would panic first.
Some money is not made by impulse.
Don't be greedy on position size. First close 80% ✅ and protect the remaining 20% with cost basis 📌 If it continues to drop, let the profits run. If it bounces back, don't give back the gains you already have.
If you missed it, don't chase ⚠️ The worst thing when making money is suddenly getting carried away. Wait for the next clear signal, wait for a new structure to emerge before acting 🔔
$BTC $ETH