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This wave of $RAVE short position played out, to be honest, more decisively than I expected. Many people were watching the pullback wanting to go long, but I was more concerned about the fatigue of failing to break higher several times. The feeling RAVE gave me at the time was: it's not easy up there.
Actually, I had noticed this level earlier. The 0.3832 area wasn't a random entry; I was waiting for resistance after the pullback. There were fluctuations in between. The most confusing moment was when a small bullish candle lured people in emotionally, but the real change was here: the pullback was getting weaker, and selling pressure started to come down continuously.
From 0.3832 to 0.2807, this short-term feedback has turned into +655.92%. I don't think I'm a genius; it's just that this time I wasn't scared out by the pullback, nor did I add positions recklessly during the decline.
In terms of handling now, I prefer to protect profits first, and see how the rhythm goes. In a downtrend, the worst thing is wanting to make full gains after already profiting. If I miss it, I won't chase; I'll wait for the next more comfortable signal.
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