The best part of this trade isn’t that people only started calling for shorts after it dropped—it’s that you could already see something was wrong when it couldn’t hold steady and pin down the highs. That kind of fake strength we saw with $ENA earlier is the easiest to get people to rush in and buy longs—then you turn around and it’s a sharp wipeout.



At the time, I was watching 0.10734. The price kept trying over and over, but it still couldn’t effectively reclaim that level. The buy side looked lively, but in reality the support was getting weaker and weaker. A lot of people hadn’t even reacted yet—they just thought it was normal consolidation—but things here were already off.

I’ve held the short position until now. The current price has come to 0.08325, and I’ve locked in +1080.79%. The extension of the move is clear. To put it simply: the rhythm changed. When it’s putting on strength up front, it’s easier for it to make up for that later with a deeper selloff.

Once this kind of profit comes out, don’t get greedy and lose control. I’ll handle it in an 80/20 split—take some off the table first, and use the rest with a protective level to follow. If you missed it, don’t worry. Don’t chase after a rebound—wait for the next time it reaches a more comfortable spot.

$BTC $ETH
ENA0.20%
BTC3.18%
ETH4.96%
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