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That sudden drop in $VIRTUAL just now felt real.
Short opened around 0.7258, current price has already reached 0.5536. There were bounces in between giving opportunities, but every time it went up it got pushed back down. With this kind of market, I actually dare to hold more.
Simply put, most people are still looking for a rebound, but the market has already turned weak.
Key judgment: If the upside can't hold, the downside will continue to release space.
Current profit shows +1687.36%. I didn't hold until the limit. I handle it according to the short rhythm: 80% take profit, keep 80% to see if it continues to drop.
The satisfying part of this trade is not how fast it dropped, but that the rhythm has been on the bears' side.
Move the stop loss down. Don't let the profits slide back.
Don't chase if you missed it, especially shorting after a sharp drop. You'll easily get burned by a bounce. Wait for the next resistance.
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