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Many were just watching for a rebound, but $OPG gave a direct downward confirmation, and this kind of setup is the easiest to let those who hesitate miss out.
I opened my short position around 0.2047. At that time, I wasn't expecting an immediate dump, but I saw repeated failure to push higher after high-level resistance, and buying momentum started to weaken — that's the key. The more everyone thinks it can still break higher, the easier it is for the market to reverse.
Now the current price is at 0.1192, position profit +822.41%. With volatility expanded, the speed of short profit-taking has been more direct than expected. Simply put, the rhythm has changed. Earlier it was repeated bull traps consuming buyers; once the breakdown occurs, following the trend is more important than guessing the direction.
Here, I won't be greedy for the last bit. A 80/20 batch take-profit is more suitable for this kind of rapid decline. The stop-loss should also be moved down. First protect the profits, then see if the trend extension is obvious.
If you missed it, don't get emotional. Don't chase longs, and don't chase shorts. Wait for a more comfortable position.
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