This short position finally paid off. When $FARTCOIN dropped sharply from the high, many people were still hoping for a rebound to keep pushing up. At the time, I wasn’t watching for the drama—I could already see that the sell-side support above had become clearly thinner.



I handled this FARTCOIN trade on the short-seller’s rhythm. After entering around 0.17378, the price was pushed down all the way to 0.13653. Now the unrealized profit is already +1,519.71%. To put it plainly, this isn’t luck. It’s because it repeatedly failed to break through at the previous high, and the chart had already given signals.

What really made me stick with it was that during the decline, the rebound strength never really got going. Every time it was pushed up, sell orders kept pressing it back down. That shows the bulls weren’t that proactive anymore. Many people were afraid of missing the rebound, and ended up getting fooled into it instead.

Now that the profit has been realized, those with heavier positions can consider taking 80% off the table first, and keep 20% with a protective level to watch for further extension. Don’t let the profits you’ve got in hand get eaten up by a pullback. If you didn’t get on board, don’t be in a hurry—after the short has already been realized, you definitely can’t chase blindly. Wait for the next more comfortable entry point to move.

$BTC $ETH
FARTCOIN-11.45%
BTC-1.72%
ETH-3.74%
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