Isn’t this a rebound—this is cardiopulmonary resuscitation for short positions? When the sell-off got dumped earlier in the morning, $BCH tried to push higher, but it was constantly held down by sell orders. Trading volume was low, and follow-through on bids didn’t keep up. I could smell heavy “bait for longs,” so shorts entered around 345.75. First stick to discipline, then wait for the result.



The order book quickly gave feedback; the current price is now 210.03, with an unrealized profit of +2785.27%. This run’s timing was right on. For now, close 80%, keep the remaining 20% for observation—move the protective level to around the cost basis. If it drops further, let the profits keep running; if it bounces back, I won’t let the existing gains turn back into a critical level.

Don’t grind away your patience in a range, and then try to “win back dignity” in a one-way move. Being in a flat position isn’t a crime—opening trades randomly is the mistake. It’s not the time to rush. Don’t chase a price that’s already run far ahead. The market doesn’t lack opportunities; what it lacks is patience. Wait for the next wave of signals before acting.

$BTC $ETH
BCH-0.10%
BTC-0.79%
ETH-0.64%
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