The harshest part of the chart is that it first gives you a bit of rebound fantasy, then immediately smashes down. $LUNC This section is a typical example of heavy pressure at a high level—at the beginning, many people still thought the drop wouldn’t go further. What I was watching was the quality of the rebound, and the more I looked, the more it felt flimsy. The moment it touched the area above, it turned soft.



The key is right here: LUNC repeatedly tested around 0.00007722, but it never really managed to put out strength. The buy side wasn’t proactive, while the sell pressure was decisive. Back then, I didn’t rush to do anything random; I waited until weakness was confirmed, then took a short position along with the move. Once the outcome came out against expectations, a lot of hesitant people finally started reacting.

Current price has already come to 0.0000607, and the return rate shows +1517.98%; the trend extension is obvious. This kind of profit-taking phase is the most test of your nerve. My habit is to take profit in tranches using an 80/20 approach: first hold onto what’s clearly in hand, and keep the rest of the position with protective levels—no stubborn fighting against a pullback.

Opportunities come and you grab them; if none are given, you wait. Right now I’m not chasing entries—I’m waiting for the next opportunity, which matters more.

$BTC $ETH
LUNC2.47%
BTC3.22%
ETH5.04%
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