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A few days ago, I thought this move was completely done for in the afternoon—but unexpectedly, the chart suddenly flipped the short-seller script. $PENGU probed back and forth in the high range. On the surface it looked like it was building momentum, but in reality every time it tried to push up, it fell just short by a breath; once sell orders showed up, the bid quickly weakened. When I watched PENGU, it was clear that there wasn’t enough support, so I didn’t get carried away by that small rebound. I went long near 0.008192 and waited for it to expose a flaw on its own.
Now the current price is 0.006397, and this realization record is +1554.75%. This short position is closed cleanly and decisively.
The main portion goes into the bag first: close 80%. The remaining 20% is kept to follow, and the protective level is moved to around the cost basis at the same time. If it keeps dumping, let the profit run. If there’s a rebound, don’t turn gains into an emotion-driven game.
Don’t let profits blow up, and don’t get desperate from drawdowns. If you’re not sure about the coin, take a look to stay clear-headed—chasing blindly once is foolish. Chasing can get you hung up at the top; wait for the next signal, then act.
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