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I must say, the market is really being kind today! 📉🔥
In the morning when I opened the market, $UAI had already smashed out the result of the high-level hesitation from a few days ago. A few days ago before bed, I saw it rebounding without strength, it would surge a bit then be pushed back, the bull trap smell getting stronger.
While everyone was still watching to see if it would continue to surge, I was watching UAI's volume and support, and found that no one was buying at the top, the buying pressure was weak, and the resistance was still there 👀 so at that time I didn't chase the long, but instead opened a short near 0.3151.
Now it's at 0.30968, giving a profit of +82.83% 🎯💰 The rhythm is comfortable, the execution is comfortable too. In this kind of market, hesitation is the worst; once the direction appears, it moves fast.
Chasing the tail easily gets you beaten.
Good positions are waited for, not chased.
On position size, first close 80% ✅📌 Take the big part off the table first, protect the remaining 20% at cost price. If it continues to drop, let the profit run; if it bounces back, don't let it disrupt the rhythm you've already captured.
If you missed it, don't chase ⚠️ The market never lacks opportunities, it lacks patience. Wait for the next clear signal before moving 🔔
$BTC $ETH