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This drop woke the market right up! 📉🔥
A few days ago before bed, I saw $DOGE still holding strong at a high level. Many were watching for a rebound and unwilling to leave, but the more I looked, the more I felt it was weak: volume didn't follow, no one was buying on the way up, and every pullback seemed like it was just one breath short.
Before the market had fully moved, I was watching DOGE's resistance level, seeing that support was getting weaker, and the signs of a bull trap were appearing 👀🔔 I immediately advised to follow the bearish rhythm and not be fooled by fake breakouts.
Entered a short position near 0.10218, now it's at 0.07233, yield is +2716.51% 🎯💰😎 This was a tasty trade. The grind was real in the beginning, but once it unfolded, it was truly satisfying.
This is the rhythm.
Take profits when it's time to take profits.
Position management isn't complicated. First close 80% ✅, move the remaining 20% to cost basis protection 🛑. If it continues to drop, let the profits run. If it bounces back, don't give back the profits.
If you missed it, don't chase ⚠️ Chasing often leads to losses. Wait for the next clear signal, wait for a more comfortable entry after a confirmed pullback 📌
$BTC $ETH