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A few days ago, I was still holding on stubbornly, but today I was directly knocked back to square one! 📉🚨 A few days ago, before going to bed, $KITE was still grinding sideways at a high level. The chart looked not weak, but the details were actually weak—the rally had no volume, no one was buying in, and the rebound was losing momentum.
Before the chart had fully launched, I was watching KITE’s upward moves; each time it fell just short, and each time it was pushed back. In a position like this with insufficient support, I’d rather wait for the shorts to cash out than chase the sentiment. 👀📌
When the opportunity came around 0.21584, I opened a short as planned. Now the price has dropped to 0.11002, with a return of +2361.04%. Those on board should all know the feeling. ✅🔥💰
Good positions are waited for, not chased.
I’ll close 80% here first, taking the bulk of the profit. The remaining 20% is protected by cost price—let the profit run if it continues to drop, and don’t let a pullback make the gains uncomfortable. 🎯🛑
Chasing tails is easy to get hit.
If you missed it, don’t chase. Chasing tails easily messes with your mindset. ⚠ Wait for a pullback confirmation, wait for the next clear signal, and look for the next opportunity when it comes. 🔔
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