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Beautiful! The high-level fake strength was torn apart in one go 📉🔥
When the top was being grinded during the session, $FIL kept testing back and forth above, but the more I looked, the more I felt something was off. Every upward push was just a bit short, volume didn't keep up, and support wasn't enough. In such a position, it's easiest for people to think it can still push, but the result is often a bait first and then a dump.
A few days ago in the early morning, I was watching FIL. Seeing that it kept getting pushed back near the resistance level, I didn't think about chasing longs. Instead, I waited for it to show weakness and then opened a long near 0.9335 👀
Good positions come from waiting, not from chasing.
Now it's at 0.7778, with a yield of +803.23%. This meal was smooth 🎯💰
When it's time to eat meat, don't pretend to be calm.
For the position, first close 80%, take the bulk profit ✅. The remaining 20% is protected at cost 📌. If it continues to go down, let the profit run; if it bounces back, don't let the profit become uncomfortable 🛑
If you missed it, don't chase ⚠️ Chasing tail is easy to mess up your mindset. Wait for a retracement confirmation, wait for the next clear signal before moving 🔔
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