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Don't mention it, today's move really knocked the bearish sentiment out! 📉🔥 Opening the charts this morning, $ADA no longer feels as grinding as a few days ago. The repeated tug-of-war at the highs earlier already showed signs of fatigue.
When the price was testing the highs back and forth during the session, I focused on two details: the upward push was labored, and the buying support was weak. 👀 Every time ADA tried to push higher, it fell just short, and volume didn't follow. This kind of fake strength is the easiest trap for people to chase at the top.
So, as planned, I opened a short position near 0.2395, and now it's at 0.1705, with a return of +2047.19%. This short was executed cleanly enough. ✅💰📉
Some profits aren't made through impulse.
I've closed 80% of the position, and the remaining 20% is protected by cost price. Let the profits run as they will, and don't go soft if it retraces. 🎯📌 When it's time to feast, don't play it cool.
If you missed it, don't chase. Chasing will easily mess up your mindset. ⚠️ Wait for the next clear signal, for a clearer level, and then follow the rhythm when the new opportunity arises. 🔔
$BTC $ETH