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Just as I brought the coffee to the edge of the table, the chart already made the decision for me. With $MYX stepping down like that, the shorts finally released the pent-up strength they’d been holding back.
When the market dumped in the early session, I saw the price repeatedly push up around 0.1796, but it never formed an effective continuation. As soon as the sell orders pressed down, the rebound immediately lost momentum. At the time, my judgment was clear: the key level above hadn’t disappeared. Chasing longs would easily trap you, so it was better to wait for a pullback confirmation before taking action—so I executed the long.
Now the price has reached 0.0753, and the short position is already up +1142.36% in unrealized profit. This bit of meat is being taken cleanly. First, close 80%. Leave the remaining 20% with the protection level moved to around the cost basis. If it keeps selling off further, let the profit run. If it bounces back, don’t give up the advantage you’ve already secured.
No position is not a crime; opening trades recklessly is the mistake.
Lock in the profit first, and your mindset won’t be dragged around by the next K-line.
Friends who haven’t boarded yet shouldn’t rush to chase. Let the missed spot stay missed. Wait for the next wave’s signal, then handle it in rhythm—there will be more opportunities ahead.
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