With this trend, I don’t even need to think—the account is dancing its way downward on its own, and all I need to do is cheer from the sidelines.
While everyone else was still watching from the sidelines, I already felt something was off.
$JTO bounced for two days, but each upward push kept falling just short, with low trading volume—a textbook weak rebound. Before the market had fully started moving, I was watching its ability to absorb selling pressure. The more I looked, the weaker it seemed, so I simply opened a short at 0.5290.
I was nervous at the time too, worried that entering on