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A few days ago, during the afternoon session, the market repeatedly whipsawed—watching it made people a bit sleepy. The real move was actually hidden at the high level. $LTC It didn’t look like there was any clear breakdown, but in reality, every rebound failed to follow through with volume. The moment sell orders came in, the price immediately lost the key level.
At the time, I wasn’t misled by the apparent sideways range. After re-checking LTC, I found that selling pressure above kept holding down consistently, and the lack of adequate bids became increasingly obvious. So around 53.67, I set up a long, waiting for it to reveal fatigue on its own, and then let the shorts take over the rhythm.
From 53.67 to 46.15, the current unrealized profit is +995.51%. This pullback really gave face—holding shorts has been very comfortable too.
First, close 80%. I’m not in a rush to move the remaining 20%. I’m putting the protection level back into the cost area. If you’re going to lock in profits, lock them in—don’t be greedy for the last bite.
Risk control done in advance is called rationality. If you cut only after you’re already down, that’s just stubbornly holding on. Chasing a drop can easily get taught by a rebound. Later, once a new setup appears, I’ll prompt you immediately.
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