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Isn’t this a rebound? This is basically CPR for empty accounts. A few days ago in the afternoon the chart suddenly spiked up. I didn’t rush to chase longs. I saw the volume didn’t follow—there was nobody to take the buys on the way up. Instead, attention got pulled back to that high-level area under pressure. After that, the message was for the short side to be patient and wait for confirmation.
This wait wasn’t in vain. $USELESS started dropping from 0.06816. The current price is 0.0595, with an open-position profit rate of +611.86%—and that’s the answer. An up-move with no volume is the worst: once the handover breaks, it’s over. On the surface it looks lively, but inside it’s already leaking air.
Take profit when it’s time to take profit. First handle 80%, and keep the remaining 20% for now—but the protection level has already been moved to around the cost basis. If the downside continues, let the profits run on their own. If there’s a sudden snapback, it won’t be enough to hand back the entire result.
Don’t grind your patience away in a range and then try to regain dignity by gambling in a one-way move. Risk control set up in advance is called being rational. Cutting losses after you’re wrong is called a valiant severance. It’s not the moment to rush. Missing this leg is fine too—wait for the next shot when the signal is clear.
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