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Too brutal! Opening the market this morning, the short side's slash directly woke up the high-price illusions 📉😎
A few days ago in the afternoon, $FIL was still grinding near the top. The market looked resilient, but in reality buying power lacked continuity. Every rebound was suppressed, volume couldn't keep up, and support was weak. At the time, I felt this wasn't accumulation before a breakout, but more like loosening after a bull trap.
While it was grinding higher during the session, I watched FIL's rebound strength. Seeing that no one was buying the highs, I handled it with a bearish mindset and executed a long position around 0.9335. Now the price has come to 0.7717, showing a gain of +834.7%. The grind was real, but the outcome is also tasty 🎉🎯💰
Some money isn't earned by impulse.
Once you understand, execute. Don't hesitate at the critical moment.
Close 80% of this position first, take the bulk profit ✅. The remaining 20% is protected at cost. If it continues down, let the profit run. If it retraces, don't disrupt the rhythm 🔹🛑
If you missed it, don't chase ⚠️. Good entries are waited for, not chased. Wait for a pullback confirmation, wait for the next shot to be more solid 👀
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