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This one move, the market has shown its cards! 🚨📉 When I opened the chart this morning and saw the $KITE level, I knew that the high-level grinding a few days ago wasn't wasted. A few days ago before bed, it tried to push upward, but each attempt lacked momentum, the volume wasn't there, and the buying pressure wasn't solid enough.
Before the market fully kicked off, I saw KITE's rebound becoming weaker and weaker, with resistance pressing down from above, and no one catching the dip 👀. At that time, I warned not to be misled by the false strength, and to follow the bearish rhythm, so I opened a short near 0.20923.
Now the price has come to 0.10625, with a gain of +2370.26%. Those on board must be laughing in their sleep ✅🔥.
This is the rhythm.
In terms of handling, don't be greedy. First close 80%, take the bulk into your pocket 🎯💰. For the remaining 20%, set a cost price stop-loss, let it run if it continues to drop, but don't force it if it bounces back.
Chasing the tail end is easy to get slapped. ⚠️ If you missed it, don't chase. Wait for a retrace confirmation, wait for a more comfortable entry in the next round, and then look for new opportunities 📌.
$BTC $ETH