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This short position finally paid off. The drop from the high point in $ASTEROID —many people were still waiting for a pullback to confirm. What I looked at wasn’t the excitement, but the follow-through strength after the price faced pressure above.
After entering around 0.0001670, the chart first churned for a while, which is the easiest phase to make people doubt their call. What really caught my attention was that each rebound was weaker than the last; the buy-side couldn’t hold it up, and the structure clearly changed. Now the price is at 0.0000511, and the unrealized profit has reached +1364.14%. This downturn’s gains aren’t based on guessing—it was signaled by the earlier failure to push up from the high for a long time.
On my side, I’m more inclined to handle it with an 80/20 approach first: take some profit from the main position, and keep the rest in a smaller position to watch how it extends. The stop level should also be trailed down. Big-position brothers, don’t get too greedy—after market room is released, the worst is seeing profits give back.
If you didn’t get in, don’t slap your leg. Chasing in here isn’t comfortable in terms of risk-reward. Don’t chase the trade, don’t chase the lows—wait for the next opportunity.
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