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This short order finally got executed. This $ESPORTS move didn’t just drop out of nowhere—after repeatedly failing to break through at a high level and getting stuck, the chart gave very clear key-level signals.
At the time, what I was watching was the fake-strength action above $ESPORTS. The price kept pushing up, but the volume couldn’t keep up. What really made me pay attention was that after the spike to the upside, the follow-through kept getting more and more hollow. Since I’d already noticed this spot, after entering the short near 0.04289, I didn’t rush to exit.
Now the price is at 0.01398, and the +1327.19% is already realized. The market’s downside room has been released pretty decisively. A lot of people were still chasing the rebound earlier—then one pullback directly threw off the rhythm. Plainly put: after pressure builds at the high level, the main players no longer give you an easy, comfortable entry/position to get on.
On my side, I’ll handle it in batches using an 80/20 approach: first lock in most of the profits, and keep a smaller position with a protective level to watch for further extension. Once profit is in, the biggest thing to fear is greed—don’t let the profits you’ve already secured get eaten away by a retracement.
If you didn’t catch it, don’t worry. Don’t chase the rebound—wait for the next time a more comfortable level shows up.
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