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Missed the chance to take profit—so just treat it as the market’s pocket money. When the dip happened during the session, $XNO first pretended to hold steady, but the rebound was clearly weak. I saw that the buy-side couldn’t keep it up, and sell pressure kept weighing down overhead. Right around 0.4404, I pointed out the short idea—nothing complicated about the direction; the real question was whether you’d dare to execute it.
Now the price is at 0.3217, and the PnL shows +270.25%—feels good, brothers. This one is basically booking profits after heavy pressure at the high level 😄
Take profits when you should.
Better to make less, never get deeply trapped.
In terms of execution: close the short first by 80%, and keep the remaining 20% with a stop protection at the entry price. If it continues lower, let the profit run. Even if it bounces back, don’t give back what you already ate.
Chasing an order tends to get you stuck at the mountaintop; chasing a short is just as likely to get squeezed. If you haven’t boarded yet, trust me—wait for the next round at a more comfortable level, and just sit tight for good news.
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