I want to be direct about this trade. $BNB isn’t weak because it dropped—it was already weak when it couldn’t hold at the highs. Many people only look at surface-level volatility and get excited about a pump, but what really matters on the chart is whether there are still buyers after the rally.



At that time, I focused on the resistance near 653.20. The price tried several times but failed to open up the upside space again. Instead, the lows kept getting pushed lower—that was already a red flag. The reason I held onto the short position is simple: the direction hadn’t been broken, the bounces lacked strength, so I kept following the weakness.

Now the price has hit 577.65, with a profit of +820.68%, and the trend extension is clear. At this stage, I won’t blindly add more positions. For profitable positions, protecting profits is more important. Splitting into 80/20 and exiting in batches is safer—first take partial profit on the main position, then let the remaining share trail with a stop, and let the market continue to give answers.

Profiting from this kind of drop relies on identifying key levels in advance, not shouting “nice” after the fact. If you missed it, don’t rush, and don’t chase shorts. Wait for the next more comfortable entry point.

$BTC $ETH
BNB-1.55%
BTC-0.51%
ETH-1.11%
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