Today’s $ESP short positions once again confirm the importance of “going with the flow.”

In the altcoin and shitcoin markets, most people who try to bottom-fish and top-take against the trend usually end up dying very badly, while those who follow the trend and “take the soup” can survive for the long run.

We entered at 0.09807; essentially, we’re shorting the “weak rebound.”

Everyone, take a look at the chart. On the daily timeframe level, ESP topped at 0.12148 and then formed a very clear descending channel.

Every time the rebound bounces up to the vicinity of the upper band of the channel, that’s an excellent shorting opportunity.

This time, 0.09807 happened to be at the pullback after touching the channel’s upper band.

For those brothers who didn’t get the meat, what I want to tell you is this: identifying the trend isn’t hard—the hard part is exercising restraint and keeping your hands off.

When you see a large bearish candle break below support, don’t be afraid—that’s an opportunity; when you see a large bullish candle pump upward, don’t FOMO (fear of missing out). That’s often a trap.

Stay calm. We’ll have new layouts tomorrow as well. If you didn’t catch this one, there will definitely be another chance next time.

$BTC $ETH #明尼苏达预测市场禁令被叫停