The best part of this trade is not that I called short after the drop, but that I saw the problem when the price couldn't push higher. The fake strength of $LYN earlier made it easy for people to rush in and go long, only to get slaughtered on the turn.



At that time, I was watching 0.05161. The price tested it repeatedly but couldn't hold above it effectively. The buy orders looked active, but the actual support was getting weaker. Many people haven't realized it yet, thinking it was just normal consolidation, but something was already off.

Holding the short until now, the current price is 0.03553, +772.57% in hand, and the trend extension is obvious. Simply put, the rhythm has changed. If it pretended to be strong earlier, it will easily fall later.

After such profits come in, don't let greed get out of control. I will take profits in an 80/20 batch. Take some off the table first, and trail the rest with a protective stop. For those who missed it, don't rush. Don't chase on a bounce, wait for the next more comfortable entry.

$BTC $ETH
LYN-2.18%
BTC0.02%
ETH-0.35%
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