I originally wanted to cut my loss to “pay tribute to the heavens,” but I couldn’t even manage to sacrifice to the sky—an empty position (short) cooked up its own profits first. Just after watching that rebound following the bad news, it was clear it couldn’t hold. When the market hadn’t fully started yet, I noticed the rally lacked volume: trading volume was low, it went up but nobody was picking up the bids. I judged the rebound was weak, with an even more prominent risk of further downside—so I instructed following the plan to set up a short position.



The entry price was 0.4506. Now the price is at 0.3033, and the unrealized profit is recorded as +801.06%. This run is really爽, but the better it goes with the wind at your back, the easier it is to forget to rein in your risk. I’ll take 80% profit first, and keep the remaining 20% for a potential continuation of the drop. I’ll move the protection level back to around the cost basis. If we keep probing lower, let the profit run on its own—if a retracement appears, hold the gains in time.

As long as the trend hasn’t broken, hold it. If it breaks down, run—don’t fall in love with the order book. It’s better to miss a move than to get suddenly counter-pulled while chasing shorts. Now isn’t the time to rush. Wait for the next wave of signals and quietly await good news.

$BTC $ETH
BTC-0.85%
ETH-0.71%
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