Today's short position felt very satisfying. When $NEAR started to weaken from its highs, the chart had already given signals. Many were still watching for a breakout, but I focused on the fact that the key resistance level was being repeatedly tested and the price was losing momentum. In such cases, once it breaks down, the space usually opens up quickly.



My entry was at 2.5382. I didn't chase the bearish candles; instead, I waited for a retest of the key level before acting. The key here is that direction isn't just about whether it drops, but also whether the rebound can regain control. The rebound failed, and the bears smoothly took over the rhythm.

Now the price has reached 1.9201, with a return of +1727.9%. After this range expansion, holding the position has felt much smoother. But the more profitable it gets, the less one should get carried away. When the market offers gains, take them, but don't get greedy and drop the bowl.

I'm handling it with an 80/20 split—locking in partial profits first, while protecting the remainder with a trailing stop to see how far it extends. Those who missed out shouldn't chase, especially not when emotions are running high. Don't chase rebounds; wait for the next clear opportunity.

$BTC $ETH
NEAR0.47%
BTC1.68%
ETH1.19%
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