This short on $SIREN wasn't a spur-of-the-moment call. The previous attempts to break higher all failed to absorb buying pressure, and each rally felt weaker. That's when I sensed something was off.



I had already noticed this level beforehand. SIREN kept hitting resistance overhead, and many were still waiting for another breakout. Instead, I was leaning toward the idea that it might first take a dip. The real shift came after it broke a key support level, and the retrace lacked any strength. That's the kind of setup where longs are most vulnerable—still believing it's just a pullback.

From 0.04002 down to 0.0292, the short position has returned +662.98%. There were fluctuations along the way, but I never tried to capture every tick. The key is to avoid getting greedy when you're already in profit.

Now it's simple: protect the gains first, and let the market play out from here. If you missed this move, don't force a chase. The biggest losses in a downtrend often come from trying to squeeze in one more trade.

$BTC $ETH
SIREN14.74%
BTC-1.01%
ETH-1.03%
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