This wave is a classic pump-and-dump after a high-level lure. The chart initially pretended to be strong, but as soon as buying support weakened, the bears directly opened up the space. For $FIL , I didn't try to guess the top, just watched whether funds were willing to continue buying at key levels.



When I opened a short around 1.0505, there was actually a lot of controversy. Many thought it would keep rallying, but something was off here — the rally didn't sustain, and the pullback became smoother and smoother. Now 0.7772 has been hit, and the short position has floating profit of +1252.88%, with the volatility space clearly opened up.

The most comfortable thing in trading isn't catching every key level every time, but not hesitating when it's time to act, and not being greedy when it's time to take profits. Brothers with heavy positions can take profits in batches first, and set a protective stop for the rest to see if there's a second release; those with light positions shouldn't rush to add, as chasing after a sharp drop is easy to get shaken out by a counter-rally.

Handle this trade according to plan. Miss it and move on, don't chase. Wait for a more comfortable position.

$BTC $ETH
FIL3.73%
BTC1.43%
ETH0.96%
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