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Just finished lunch and was checking the chart when the price on the screen suddenly started to “change its face.” It looked strong a moment ago, and in an instant it went looking for key support levels. During the repeated intraday swings, $OPN ’s rebounds never had sustained buy-side follow-through. The moment sell pressure appeared above, the price dropped—this kind of lack of support is something I’d rather wait for the short side to confirm.
After finishing going long around 0.1710, the market didn’t give the bulls many more opportunities. The current price is now 0.0607, and the return rate shows +3106.32%—the timing was right.
Take profit when it’s time. First, handle 80% of the position; for the remaining 20%, push the protection level to around the cost basis. If it keeps moving down, let it run on its own. Even if there’s a sudden rebound, it won’t be enough to hand back the gains.
Risk control done upfront is called being rational. Cutting losses after they’re already down is called “fighting to the end and severing the arm.” This isn’t a time to chase shorts. There will be opportunities later—wait for the next wave of signals before moving again.
$BTC $ETH