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This drop wasn’t really surprising—$ASTEROID ’s earlier surge looked more like sweeping up the last batch of breakout longs. A lot of people were lured in by the move, and the real direction only showed up afterward with the answer.
At the time, I was watching how ASTEROID reacted around 0.0001670. After the price pushed up, it didn’t keep expanding; instead, it saw a quick pullback. That kind of chart action is generally not something I would chase long. Here, things are already off—once the buy-side can’t hold, shorts get room to realize profits.
Now the price has come to 0.0000521, and this short has already run out +1353.53%. The extension in the move is clear. For brothers with larger positions, the returns are already pretty significant. I’ll handle it in batches with an 80/20 approach—mainly to protect most of the profit first. I’ll keep a smaller portion to follow the downside momentum, while also bringing the protection level down, to prevent a rebound from disrupting the rhythm.
To put it plainly, you don’t have to fully eat every leg in trading. Being positioned on the right side before panic is already enough. If it stays weak afterward, we’ll look for opportunities again. If you didn’t get on, don’t chase—wait for a more comfortable spot to make a move.
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