This round of short positions finally paid off. It wasn’t a spur-of-the-moment move—the chart showed cracks right from the start. $MAV At first, the pump looked fierce, but what really caught my attention was that every time price touched the resistance above, it got crushed; the buy-side didn’t keep stepping in. As it kept getting pulled higher, it started to look more and more like it was manufacturing a false sense of momentum for the people chasing longs.



At the time, I was focused on MAV repeatedly testing at the high. After the price reached around 0.01362, it failed to hold its ground several times—the structure clearly changed. While many people were still hesitating about whether to chase, I was more willing to wait for the shorts to confirm.

Now the price is at 0.00928, and the short position is already up +1538.08% on paper. The trading range has been released pretty decisively. Here I’ll lean toward an 80/20 approach: lock in part first, and then use the remaining portion with a protection level to keep watching, so the profits won’t get swept back and forth.

To put it simply, the worst thing for a market like this is impulsively adding more. If you didn’t get in, don’t chase lower. And don’t get blinded just because a winning short looks good—wait for the next opportunity, and move when you’re in a more comfortable position.

$BTC $ETH
MAV-1.17%
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