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This time it wasn’t a sudden change of tone—it had already written its fatigue on the chart. A few days ago in the afternoon, while I was watching the market, $MON kept grinding back and forth at high levels. Several breakout attempts looked like they were missing the final bit of energy; volume didn’t keep up, and nobody was willing to take bids when it pushed up— the more I watched, the more it looked like loosening after an inducement-for-longers move.
I placed long orders around 0.02670. This wasn’t a sudden decision just because of a single bearish candle; I first saw overhead suppression, then waited for the rebound strength to keep weakening. The feedback given by MON in this stretch was very direct— the current price has already returned to 0.02073. The profit on this round of short positions shows +1076.79%. The timing was nailed.
Put the main gains into your pocket first: close 80%, and keep the remaining 20% at a protection level near the cost basis. If there’s room for further downside, just follow through and take it; if there’s a rebound, don’t let the profit feel worse. Position moves matter more than emotions.
The market is something you wait for, and profits are something you hold onto. Friends who haven’t boarded yet, take my advice: it’s not the time to rush in now. Don’t chase into a position that’s already run its course just because you see the outcome—wait for the next shot, which will feel more comfortable.
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