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A few days ago it looked like it was about to surge, but today it's exposed!📉🔥 $FOGO
This wave of short covering is really not blind guessing. The way it pumped at the high a few days ago in the afternoon, the more I look at it, the more I feel it's fake.
While everyone was still waiting, I saw that the resistance above FOGO was never consumed, the volume couldn't keep up, and after the pullback no one was buying👀
At that time I judged the rebound was more like a bull trap, not suitable for chasing longs, so I executed a short near 0.01091.
Now the price has moved to 0.00904, profit +825.43%. It was really grinding earlier, but the drop is truly satisfying✅💰 This trade feels good, the rhythm hasn't deviated.
Not afraid of it grinding, just afraid of you panicking first.
Execute after understanding, don't hesitate at the last moment.
Here I choose to close 80% first, and set the remaining 20% with a cost price stop🎯🛑 If it continues to drop, let the profit run; if it bounces back, don't give back the profit.
If you missed it, don't chase🚨 Chasing often leads to losses, wait for a retracement confirmation, wait for a more comfortable entry in the next round. The market doesn't lack opportunities, it lacks patience🔔
$BTC $ETH