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Similar price action has happened before; on the surface it’s still ranging, but in reality the strength has been gradually tilting downward.
This time, $PEPE ’s opening price for my position was 0.000002795. At the time, my focus wasn’t how much it had dropped, but that the rebound never managed to continue. After the price reached 0.000002782, my earlier bearish judgment received further confirmation.
As of now, with the position still held, the return rate is +35.54%, and the execution of the rhythm has been fairly solid. For me, the biggest risk in this kind of market isn’t getting it wrong—it’s getting it right and then being thrown off by emotions.
I’m not only recording changes in profitability; I want to leave a record of the decision-making process as well, and then continue to observe the market according to my own pace.
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