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This short position has finally worked out. The pressure at $TRB 's high wasn't ordinary consolidation; the chart was already leaking at the time. Many were still waiting for a rebound to push higher, but I was more concerned about the failure to hold above.
Earlier, I was watching the short entry around 16.26. What confirmed my view was that the rebound volume couldn't keep up, and the price was repeatedly pressed down, indicating that longs were pulling out. Now the price has hit 15.88, and the floating profit on this trade has reached +170.18%. The price movement has been very direct.
I won't take these profits for granted. With the short position at this level, those with heavy positions can consider an 80/20 partial profit-taking: take some profits first, and trail the rest with a stop. Simply put, the profit is already there—don't let a pullback disrupt your rhythm.
If you didn't enter, don't jump in just because it's dropped. Missed opportunities shouldn't be chased. Wait for the next more comfortable position to act.
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