This short position finally got filled. The move down from the highs in $EDEN changed the feel of the market. A lot of people were still waiting for a rebound to break higher, but I was watching the follow-through strength after resistance. As a result, the price got pushed all the way from 0.04605 down to 0.04303—+129.98%, already in hand.



Earlier, I had already paid attention to this level. What really confirmed it for me was that the rebound had no volume and the upper wicks kept appearing, which shows that the sell pressure above isn’t just a bluff. In plain terms, the rhythm changed: the bulls want to push higher but can’t, and once the shorts take control, the market’s downside room releases quickly.

For brothers who currently have positions, handling it with an 80/20 phased approach will feel more comfortable: lock in profits with most of it, and keep a smaller portion with a protective level while looking for further extension. Don’t get carried away by a single acceleration bearish candle—profit is most afraid of turning into a drawdown and messing up your mindset.

If you missed it, don’t rush. If you miss the move, don’t chase—wait for the next more comfortable level to act.

$BTC $ETH
EDEN-1.32%
BTC0.37%
ETH1.44%
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