Let me disclose my position. This round of the $BIO short order was entered at 0.03045 and is now at 0.02944, for a current profit of +235.35%. This move wasn’t forced by luck alone. After the price failed to push higher at high levels again and again, the order book itself revealed the direction.



At first, many people still thought it was just a washout—some even wanted to wait for a pullback to add longs. But things are no longer right here. The rebounds are getting weaker and weaker, while the bearish candles are becoming more and more decisive. That shows active selling pressure is strengthening. The real change wasn’t something you only noticed after the drop—it was already obvious that the prior attempts to rally lacked momentum even before it fell.

Now that the short trade is in profit and profits have been realized, I won’t expose all of the gains to a counter-rally. Brothers with larger positions can consider handling it in an 80/20 split: lock in part first, and keep the rest with a protective level, watching whether there’s still room for the market to release further movement. The biggest risk in trading is being greedy after you’ve already made money, and ending up sitting back in the market and giving it all away.

If you didn’t catch it, don’t worry. Don’t chase the order, and don’t chase to sell by smashing in at the low. Wait for the next opportunity—it will be steadier.

$BTC $ETH
BIO-0.24%
BTC0.61%
ETH0.82%
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