Just finished lunch and was checking the chart when the green lights on my screen suddenly became densely packed—the drop came even more decisively than I expected. Earlier, $FIL had been grinding at high levels with low trading volume, and the rebound didn’t form a solid enough bid. Every time the price neared a key level, it got pushed back. At that moment, I preferred to wait for the shorts to confirm rather than get steered by false moves.



While the market kept churning back and forth, I saw FIL still couldn’t hold its ground, so I opened a long position around 0.9335. Now the price is 0.6959, which corresponds to a return of +1225.22%. The answer is already on the chart—feels great.

A breakout on low volume often can’t withstand a look back.

This time, I’ll first handle 80% of the position, and keep the remaining 20%, but I’ll push the protective level directly to the cost basis. If there’s more downside room, let the profits naturally extend; if there’s a sudden snapback, don’t let the gains turn back into a situation around key levels. Being flat isn’t wrong—recklessly chasing is the problem. It’s not the time to rush in; wait for the new structure to form, and the next shot will be more composed.

$BTC $ETH
FIL-8.10%
BTC-4.13%
ETH-5.49%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned