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This one came out, and the market directly stopped pretending! 📉🔥 A few days ago before bed I saw $BCH still holding strong at a high level, seemingly about to continue pushing, but the more I looked, the weaker it seemed. Volume didn't follow, the rebound didn't sustain, every time it went up it was pushed back. At that time I judged this wave was more like a bull trap, not suitable for chasing the rise.
When the market hadn't fully started yet, I was watching BCH's support, and found that when it went up, no one was buying, and the resistance collapsed as soon as it was touched 👀 So I executed a short near 414.78, waiting for that moment when it couldn't hold.
Now the price has come to 197.93, the yield has run to +3709.60%, this gain is satisfying ✅🎯 It was really grinding earlier, but once it broke out, it was truly rewarding.
This is the rhythm.
Don't get emotional about profits.
In operation, take the bulk profit first, close 80% first 💰📌 Keep the remaining 20% as cost price protection. If it continues to drop, let the profit run; if it rebounds, don't give back the profit.
If you missed it, don't chase ⚠️ Chasing easily messes up your mindset. Wait for the next clear signal, wait for a retest confirmation before looking at the next move 🔔
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