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The key high level that we were watching earlier finally gave its answer today. $TRB didn't suddenly weaken — the problem was already visible from the pullback. There was no sustained buying on the upside, but each pullback was cleaner than the last.
I entered a short at 17.31, and the price has now hit 15.94, with a gain of +565.67%. At the time, I was watching whether the price could stabilize above the key level. The market's feedback was direct: couldn't break through, couldn't hold, and capital started pushing lower.
Many people thought the first drop would be immediately reversed, but something was already off. The real change wasn't how much it fell, but that the rebounds got weaker and weaker, and the support became more and more hollow. Once the short-side rhythm connected, the price easily moved down along the key level.
For this trade, I'm not being greedy. I'll take profits and protect them first. You can take partial profits using an 80/20 split, leaving a small position to see if the trend extends further. Set a trailing stop so you don't let the profits you've already locked in get whipsawed. Don't chase if you missed it — shorts are most dangerous when you chase lows emotionally. Wait for the next opportunity, it's safer.
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