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This wave of dumping is straightforward enough; the hesitation from a few days ago has finally been realized! 🚨📉
A few days ago, before bed, $ERA was still hovering around repeatedly; many people saw it not going down and wanted to rush in, but what I saw was weak rebounds and resistance overhead.
While everyone was still watching, ERA tried to push up each time but didn't follow through, volume didn't keep up, and drops had no takers 👀. I don't like chasing longs in this kind of market structure; instead, I prefer to wait for it to show weakness and then short.
Now from 0.1389 to 0.0826, the profit rate hit +2876.02% 🔥✅. This wave went very smoothly; hitting the short rhythm right feels great.
Chasing after the move is a good way to get hurt.
Don't fall in love with profits.
For position sizing, I choose to close 80% first 🎯, take the majority profit and feel at ease 💰; the remaining 20% is protected by cost price. If it continues to drop, let it go; if it bounces back, don't give back the profits.
If you missed it, don't chase ⚠️. Wait for a retest confirmation, wait for the next clear signal. The market has daily volatility; take the next shot when the position is clearer 📢
$BTC $ETH