This $TRX short is all about reading how the main force repeatedly lures buyers higher, then drives the price down. When it was pushing up earlier, it looked strong on the surface, but in reality there wasn’t sustained buy-side pressure every time it rallied. Once the order book loosened, the price immediately got smashed lower—this part is already crucial.



I entered around 0.37331. I’m not chasing because it’s already fallen; I waited for confirmation that the high was under pressure before acting. There was a dead-cat bounce in between, but the bounce got weaker as it went along. Many people think it can be pulled back up again—I’m actually more convinced that the short-side rhythm is still intact. Now the current price is 0.32322, and the return is already +952.44%. Releasing this profit feels very comfortable.

The contract’s biggest test is what you do after you’re in profit. Greed leads to pullbacks, and if you run too fast you won’t even catch the extension. So I’ll handle it with an 80/20 approach: protect most of the position first, and keep the rest watching for more downside room, with the protection level moving along with the price.

If you didn’t catch it, don’t be upset. Chasing after a sharp selloff is the easiest way to get taken out. Don’t chase—wait for the next more comfortable entry.

$BTC $ETH
TRX-0.87%
BTC0.41%
ETH2.78%
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