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This short position finally came through. When $EDEN was pushed down from the highs, many people were still watching for a rebound. At the time, I wasn’t focused on whether it would go up or not—I was watching how things changed in the way price was being held after repeatedly failing to break through above.
Earlier, I had already paid attention to this area. Around 0.05794, it kept offering chances. What truly made me commit to the call was that the rebound was getting weaker and weaker—trading volume couldn’t keep up, yet the price was still being kept under pressure and pushed lower. Put plainly, something here was already off, and the structure had clearly changed.
Now the price is at 0.043, and this short trade’s profit has already reached +507.36%. The market’s room has been released quite decisively. For brothers with larger positions, I think handling it in an 80/20 split is more comfortable: lock in part of the profits first, and then keep the rest with a protection level in place while looking for further extension.
Don’t start getting carried away just because you’re in profit. What futures are most afraid of is making money but not taking it—then when a pullback happens, you still can’t bring yourself to cut. If you’re not in the trade, don’t rush. Don’t chase longs and don’t chase shorts—wait for the next more comfortable level.
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