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Not much of a pattern, even I was stunned by this profit 📉🔥. A few days ago, during the afternoon intraday rebound, $IDOL looked like it would continue to rally, but I was watching the volume. The volume didn't follow, the price was holding up hard, and it increasingly looked like a fakeout.
When the market was grinding the top, I saw that each upward push was lacking strength, and the selling pressure above would push it back down 👀. I said at the time, don't get too excited about this kind of rebound. If there isn't enough buying support, it's easy to get dumped. Favor a bearish view from a bullish stance.
The market gave the answer. Opened a short from 0.024361 to now 0.014589, return rate +789.82% ✅💰. The wait was annoying before, but that drop felt really good. Taking profit on a short is that straightforward.
Once you understand it, execute. Don't hesitate at the last moment.
Take profits when you should.
Now the handling is simple 📌. First close 70%, then move the remaining 30% to cost to protect 🛑. Secure the profits first. If it continues to drop later, let it run. Don't be greedy for the last bite. Don't get emotional with profits.
If you missed it, don't chase ⚠️. Chasing can easily mess up your mindset. Wait for the next clear signal, wait for a retracement to confirm the key level, wait for a more comfortable position in the next round. Opportunities will come, but you can't force it with emotions 🔔.
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