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Many people are still watching for a rebound, but I’m looking at the loss of momentum after $SIREN came under pressure at highs. The profit from this wave of decline started from that detail.
Earlier, I noticed that the price failed to break through around 1.20261 multiple times. On the surface, it was still grinding sideways, but in reality, buying pressure had weakened. What really made me decide was that the pullbacks were getting shorter and the declines were getting faster. Once this kind of chart breaks down, shorts can easily take over the rhythm. Later, the price was pressed all the way down to 0.03272, which verified it directly, without much nonsense.
This long position has been held up to now, and +2384.83% is already locked in. After the volatility space has opened up, the most important thing is not to be scared out by small intraday pullbacks, nor to lose discipline because of expanding profits. Those with positions can process them in batches of 80/20, with protective stops in place, and leave a portion to look for extensions.
After the short position is closed, the mentality must be cool. Don’t chase at key positions out of excitement. If you miss, you miss. Wait for the next opportunity, wait for a more comfortable position.
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