Many people were stunned by this drop, but I actually think it’s pretty normal. When $ASTEROID first surged higher, it already looked a bit shaky—the price looked strong, but the buy support wasn’t clean.



The short position was opened around 0.0001670. What really caught my attention was that quick drop after the spike—when it couldn’t hold above, it left everyone who chased longs stranded on top. Something is already off here; if later pullbacks keep failing to bounce, the direction will become very clear. Now the price is at 0.0000563, and the unrealized position profit is +1302.83%, with room to move opening up very directly.

In trading, the thing to fear most isn’t missing—it’s holding on to your viewpoint when the rhythm has already changed. This kind of profit from a drop isn’t about guessing; it’s about waiting for the chart to confirm. For brothers with heavy positions, you can first deal with the main chunk—80/20 scaling in is more comfortable. For the remaining small position, set protection and observe, so don’t let the profit you’ve got get worn down by back-and-forth trading.

If you didn’t catch it, don’t rush to chase. Don’t open new trades—wait for the next opportunity, and act only when it’s at a more comfortable level.

$BTC $ETH
BTC0.15%
ETH2.92%
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