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A few days ago, I still felt like this tape was quite “solid” in the afternoon; but when the intraday dump happened, all the fake fronts were torn open. $LTC First it hovered sideways at the high end, then the support got thinner and thinner, and the price quickly fell back to 47.88. The shorts finally took over the rhythm.
I was observing LTC at the time—not to see whether it could bounce, but to see whether that bounce had quality. Every time it surged upward, it lacked volume. Once the sell wall was pressed, it turned soft immediately. The overhead suppression was obvious, so around 53.67 I placed a long entry, without chasing that fake show of strength.
This round of review delivered a return of +768.12%. The longer it had to grind beforehand, the more satisfying it was when the move finally came through. Turning a judgment into results is also a way to give patience an explanation.
First, take 80% in profit to lock it in, and keep the remaining 80%, but the protective stop has already been moved to the break-even point. If it keeps sliding down, let the profits extend on their own; if it pulls back upward, exit according to the protective level—don’t risk your gains just to gamble on emotions.
The market comes from waiting; the profits come from holding. I’d rather miss a move than chase wildly during a fast selloff. Friends who haven’t participated yet, steady yourselves first—opportunities are still there, so don’t rush.
$BTC $ETH