Many people are still waiting for a bounce to go long, but this round of sell-off has already revealed the answer.



$VVV this short position wasn't a spur-of-the-moment decision. When the price was hovering around 15.620 earlier, I felt that the structure had clearly changed. It looked like strong support, but in reality, key levels couldn't be pushed up, and they began to be constantly tested. The worst thing about this kind of market is a sudden loss of momentum.

The key point is here. The real opportunity isn't to look for shorts after the drop, but to spot the problem when the upside can't push further. Now the price has reached 11.03, this short trade has gained +1416.37%, and the market space has been released quite directly.

Brothers with positions, don't get carried away by the profits. I'd be more comfortable with an 80/20 split, first secure the bulk, and let the rest play out on its own. Don't set the stop-loss too far away; if a retracement swallows the profits, it becomes meaningless. Those who missed out, don't rush. Chasing after such a drop is very passive. Wait for the next confirmation signal to appear.

$BTC $ETH
VVV-8.86%
BTC2.41%
ETH1.88%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned