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After the bubble fades, the price returns to rational levels. Ongoing sell pressure at high levels keeps driving the market downward.
$MET generated a 596.24% return; the bearish trend continues to extend, and the pullback is duly realized.
I opened a short position at the high of 0.1890; a slight rebound in the middle was only a brief pause during the decline.
The price fell to 0.1656, and the profit room created by this round of downside is gradually released.
After a period of continued dipping, the support level below keeps coming closer, and the downside room is gradually narrowing.
There’s no need to keep contending for the tail-end of the down move—gradually take profit and turn book gains into realized profits.
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