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This empty order finally got executed. The drop from the highs in $TRX made the chart’s “taste” obvious right away. Back then, many people were still watching for a bounce, thinking it could keep pushing higher, but what I really focused on was the weakening support overhead—when it gets pulled up a bit, it gets smashed. That indicates the initiative is no longer in the bulls’ hands.
After entering near 0.37331, the process hasn’t been comfortable. There were a few bounce points in the middle that could easily shake people out. The key here is that the bounce didn’t manage to regain stability; instead, it kept pressing the center of gravity lower. This structure is more favorable for short positions.
Now the price is at 0.32993, and the floating profit has reached +824.52%. The market’s upside/downside room has been released fairly decisively. For brothers with bigger positions, handling it in an 80/20 split would be more stable: take some profit first, then keep the rest with protection levels to watch for further extension. Don’t let the profit you already have get eaten by a pullback.
This trade is about shorting/holding against high-area pressure, not blindly chasing. If you didn’t get on, don’t rush—don’t chase. Wait for the next more comfortable level to move.
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