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Many people were still hesitating a moment ago, but then $AIXBT kicked through and made the direction clear. It’s not that you can’t go sideways at high levels; the issue is that once you stay sideways for too long without breaking out, you end up being pressured the whole time. For a market like this, I’d rather stand on the short side.
I already paid attention to the 0.03358 level earlier. When it pushed up, there was no volume, but the pullback was very decisive. What really caught my eye was that the rebound was getting weaker and weaker. In that moment, I knew people who kept trying to push higher would be miserable.
Now the price is at 0.01867, and my short position is up +1088.8%. Once the range opened up, the feedback the chart gave was very honest. You don’t have to grab the full move every time, but when it’s time to take profits, don’t pretend you didn’t see it.
On my side, I’ll take profits in an 80/20 staged plan first, and use the remaining position with protective levels to defend the gains. If you miss this run, don’t slap your legs—don’t chase the rebound; wait for the next signal at a clearer position before moving.
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