This short position has finally paid off. $ACT has crashed from the grinding consolidation at the highs. What the market gives is not luck, but rhythm.



At the time, I was watching the resistance reaction around 0.01151. It couldn't hold after several attempts to break higher. What really caught my attention was that the rebounds were getting weaker, buying pressure couldn't keep up, and the structure had clearly changed.

Now the price has hit 0.00919. This short position has gained +492.14%, and the market space has been released cleanly. Many people were still waiting for a continued rally back then, but once volume spiked at the highs without follow-through, it turned downward.

On my end, I'll handle it with an 80/20 approach: lock in most of the profits first, and keep a small position with a stop-loss to continue watching for an extension. After taking profits, the biggest risk is greed, especially during this accelerated decline phase. Profit protection is more important than fantasies.

Don't rush if you haven't entered. Don't chase the lows, and don't chase the sentiment. Wait for the next more comfortable entry point.

$BTC $ETH
ACT-2.06%
BTC0.14%
ETH-0.12%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned