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When the price suddenly dropped intraday, they were still discussing whether it was a fake dip—then $ALT directly left the hesitant behind. This time, the shorts exited quite decisively.
When I thought this move was completely hopeless, I rechecked ALT’s price action: the rebound never managed to hold—push it up and sell pressure simply slams it back. Follow-through strength has been inconsistent, and the feel of a bull-trap is getting more and more obvious. My approach is simple: wait for confirmation at key levels first, then open a long around 0.008374. No guessing—just wait for the chart to answer.
The price is now at 0.006069. This round of the short position shows an unrealized profit of +677.32%, solid. Close 80% first, and keep the remaining 20% under watch. Move the protection level to around breakeven; if it keeps dumping, let the profits run naturally. If the market suddenly rebounds, don’t give back the portion you already took.
Better miss a limit-up than catch a falling knife and end up with blood on your hands.
Have a plan before the session, maintain discipline during trading, and know after the fact why you made the move.
If you miss this part, don’t add to positions or chase the order. Wait for the next round of clearer signals, stay tuned for good news, and catch the next shot steadily.
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