To be honest, today’s sell-off is really against human nature. The more $XPL looks strong at the highs, the easier it is to fool people into getting in.



My short position is at 0.08696. Now the price is down to 0.08659, and the return is +30.19%. Back then, many people were still looking for a breakout. I was watching the reaction after the spike: the price couldn’t push higher, but the pullback got faster and faster. Something here was already off.

The easiest way to lose money is in moments like this—seeing one bullish candle and rushing to chase. Then once the resistance above confirms, the shorts immediately take over the tempo. The chart went from testing to a breakdown very quickly. The ones who can really catch it are the people who see the rhythm ahead of time.

Once this volatility range opens up, I’ll first handle it in 80/20 batches. The remaining position will include a protective level, to see whether there’s a further extension opportunity. The short is already locked in, so there’s no need to add emotionally. If you miss it, you miss it—don’t chase the trade, and don’t chase shorts. Wait for the next more comfortable level.

$BTC $ETH
BTC-2.48%
ETH-4.35%
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