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That sudden plunge just now was crucial. It wasn’t a normal pullback—there was a complete loosening in the high-level support.
$WIF I was rushing earlier, but the more I rushed, the more I didn’t want to chase, because once it touched above, it turned soft immediately. The buy-side didn’t hold the price up; it felt like it was luring chase orders. Most people see a red candle and get excited, but I care more about whether, after pumping up, there’s someone continuing to take the order.
At the time, I was watching WIF’s reaction around 0.1891. The price couldn’t carry on, and the rebound even kept getting weaker. After it broke below the key level, the shorts started to take over the pace. The retest didn’t come with strength, which indicates the market’s choice was very clear.
Right now the price is at 0.1504, and the profit display shows +985.57%; the move is extending clearly. If you’re holding short positions, handling them in an 80/20 split will be steadier—first protect the profits you’ve already got, then use the protective level to see whether you can further expand the upside.
If you didn’t get on the trade, don’t chase—especially don’t enter emotionally after a sharp drop. Wait for the next opportunity, and wait for a more comfortable entry level.
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