This $ACT short has finally played out, and my first reaction wasn't excitement—it was relief. Because the wait beforehand was long, and the price kept grinding, which is the easiest way to wear down a trader's patience.



When ACT was under pressure at highs, I didn't rush to act. I mainly watched whether its rebound could hold. But each time, it just got pumped briefly before being slammed back down. This kind of action reminds me of the bull traps I've seen before. Many people think not dropping means strength, but not rising could also mean distribution.

From 0.01151 to 0.00891, this short gave a return of +553.92%. That intraday rebound was scary indeed, and I almost wanted to cut too much. But seeing the resistance still holding above, I chose to endure a bit longer.

Now the profit has materialized, and from here on I'll only defend. If it continues down, I'll follow; if not, I'll close. Trading isn't about catching every tick—the key is not to let a winning trade turn into a losing mentality.

$BTC $ETH
ACT7.57%
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