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This move is a classic case of sweeping the highs up top before smashing down. Too many people got lured in by fake strong momentum. The $AZTEC short was opened at 0.02690, and now the price is at 0.01362. The profit is already at +1211.5%—the room in the market is clearly opening up.
At the start, the price action kept tugging back and forth. A lot of people thought it wouldn’t drop any further, even treating each pullback as a “restart.” But what really caught my attention was that after the move inserted above, it didn’t continue—instead it quickly rolled back down. That suggests it wasn’t a strong breakout; it was more like clearing out the chasing longs and stop-loss orders.
I didn’t let my emotions run wild here. I waited until the pressure was confirmed before letting the short position keep holding. During a drop, the hardest part isn’t just watching the direction—it’s not getting shaken out by a mid-way pullback. Now the profit is out. If you have a position, remember to protect your profits—handle it 80/20. The rest is up to whether it can continue to extend.
If you didn’t catch it, don’t rush. Chasing at the tail end of a sharp sell-off is easy to feel awful. Don’t chase the trade at the highs or the lows—wait for the next opportunity to set up again.
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