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After I finished reading the bearish news, many people were still waiting for a rebound, but I realized this rally looks more like it’s handing positions to the shorts.$MON There’s plenty of noise as it surges upward, but the real buying hasn’t followed through. Overhead resistance stacks up layer after layer; when the price rises, nobody steps in to take it. Once it pauses even slightly, it starts to loosen.
When the market dumped early in the session, I made a judgment based on MON’s performance, completing a long entry around 0.02670. It wasn’t to bet on a key level, but to sell after I saw that the rebound lacked strength and selling pressure began to take over.
This move has already reached 0.02025. I’m now locking in a gain of +1165.17%. Getting the result feels good—waiting before was not in vain.
The main portion first goes into the pocket: close 80%, and the remaining 20% continues to be protected at the cost basis. If the sell-off continues, let it run on its own. If it rebounds back, I won’t allow profits to turn back into a critical level again.
Panic happens because there’s no plan; losses happen because you overthink. This isn’t the time to rush. Don’t chase just because of a single bearish candlestick—wait for the new structure to form before looking again. There are still opportunities, so don’t be in a hurry.
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