Those few fake breakouts at the highs really shook a lot of people into it. $BNB On the surface it’s still trying to edge higher, but the details are ugly: it spikes without volume, then falls back quickly; the buy-side follow-through is stop-and-go. Trades like this, I usually don’t get excited about.



What I was watching wasn’t how much it went up, but whether BNB could truly hold above around 639.40. The result was straightforward: the moment it touched higher, it softened; the rebound kept getting more and more dull, and the structure clearly changed. Most people tend to misjudge because of red candles, but trading can’t just look at appearances—if the position isn’t right, the more you chase, the worse it gets.

Now the price has been pushed down to 577.7, and short-sell profit is +684.69%. This move has clearly extended. My approach is simple: once the profit is in, lock in part of it first, and then trail the rest with a protective level so I don’t give back too much. If the shorts give room, then eat it step by step—don’t be greedy for the very last bite.

If you didn’t catch it, don’t rush to add shorts. Don’t chase—wait for a more comfortable spot to move.

$BTC $ETH
BNB-0.24%
BTC-1.06%
ETH-2.51%
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