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Don't mention it. This move today really brought out the bearish sentiment! 📉🔥
When I opened the chart this morning, $PEPE was already not as sluggish as a few days ago. The repeated pulling at the high levels earlier had actually long shown signs of weakness.
During the intraday back-and-forth testing at highs, I looked at two details: upward pushes were strenuous, and support was insufficient. 👀 Every time PEPE tried to rally upward, it fell short, and volume didn't follow. This kind of fake strength easily makes people chase at the tail end.
So I opened a short position as planned near 0.000003521, and now it's at 0.000002745, with a return of +1563.80%. This short trade was executed decisively ✅💰📉
Some money is not earned by impulse.
I'll close 80% of the position here first, and keep the remaining 20% protected at cost. Let the profits run from here, and don't get soft if there's a pullback 🎯📌 When it's time to feast, don't pretend to be calm.
Don't chase if you missed it; chasing at the tail end easily messes up your mindset ⚠️ Wait for the next clear signal, wait for a clearer level, and follow the rhythm when a new opportunity emerges 🔔
$BTC $ETH