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After the pace of trading slowed down, the rebound of $XLM seemed somewhat weak. On the surface, it was still holding up, but each upward move lacked continuity. In this kind of situation, I usually lean more toward observing short opportunities.
The short order was opened at 0.20037. At that time, my review focused on the confirmation of the pullback after the high-level resistance. Now the price has come to 0.19092, with a return rate of +336.06%, which can be considered a realization of the expected pace.
When making profits on a short position, you shouldn't just stare at the numbers. A pullback can happen at any time. My trading habit is to first protect the existing gains, then observe whether the structure continues to weaken. I don't forcefully chase missed levels.
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