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I originally wanted to cut my losses and “sacrifice to the heavens,” but the heavens never got sacrificed—my meat cooked itself. When the market got smashed in the morning, $CYS @from the high point downward pressure, and the order book instantly had a bearish feel.
A few nights ago, I was watching CYS. The rebound never really followed through—there was clear pressure from above, and several times when it tried to spike higher, the sell orders pinned it back. Back then, I told myself: don’t get carried away chasing after a couple of green candles—real strength doesn’t miss by such a tiny margin every single time. So when the price was around 0.5173, I executed a long, waiting for the pullback after the selling pressure loosened.
Now the price is at 0.3151, and the short position is already booked at +774.95%. This “meat” tastes great. First, close 80%; keep the bulk in your pocket. For the remaining 20%, move the protection level to around your entry price—if it keeps dumping, let the profit run. And even if there’s a rebound, don’t give back the earlier gains.
No position isn’t a crime. Opening positions recklessly is the mistake.
Friends who haven’t gotten on board yet, listen to me: don’t chase the drop. Wait for the next round at a more comfortable level. When the new structure forms, then we’ll take another look. The opportunities are still there—don’t rush.
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