Just now, many people haven't reacted yet. The $CGPT short sellers have already broken the rhythm. My short order went from 0.03778 to 0.01873, now +2429.56%. This wave is not luck, it's the realization after repeated confirmation of the key level.



I had already noticed this position earlier. The price was pushed back every time it tried to go up. On the surface it looked like it was still consolidating, but actually the buying power was starting to weaken. The key is here: the chart is not afraid of slow movement, but of weak rebounds. The longer it grinds, the more it indicates that someone above is distributing.

After the drop, sentiment suddenly changes from hesitation to panic. Many people think about chasing shorts at this time, but for me, the most comfortable move has already been completed earlier. Now that profit space has been released, those with positions should remember to protect profits. Taking profit in 80/20 batches is more stable, and the remaining part can be followed with a protective stop.

If you missed it, you missed it. Don't chase longs or shorts. Waiting for the next opportunity is more important.

$BTC $ETH
CGPT-3.40%
BTC-0.95%
ETH-1.51%
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