I’ll be direct about this trade: $VIRTUAL isn’t weak because it’s fallen—it was already weak when it couldn’t hold up at the highs. A lot of people only look at the surface fluctuations. When it pumps, they get excited, but the real key on the chart is whether, after the rally, anyone continues to step in.



Back then, what I was watching was the rejection around 0.7258. The price tried several times to reopen upside space, but it couldn’t. Instead, the low kept getting pressed lower—something was already off here. The reason for holding the short is simple too: the direction wasn’t broken, the rebound didn’t have strength, so the weakness just keeps unfolding.

Now the price is at 0.6141, with a return of +1090.04%, and the move has extended clearly. At this stage, I won’t blindly add to the position again. What matters more than taking profit is protecting it. Handling it in 80/20 in batches is steadier: first, close part of the main position, then let the remaining position follow with protection levels, so the market can keep giving us the answer.

This kind of profit on a drop comes from identifying key levels in advance—not from shouting how great it feels after the fact. If you miss it, don’t panic, and don’t chase a short. Wait for the next more comfortable spot to act.

$BTC $ETH
VIRTUAL5.24%
BTC1.11%
ETH3.00%
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