Playing this wave of the market is quite interesting. Yesterday, it surged straight up by 100%, and I thought it would continue to push higher, but today it just stayed in the same place, unmoving. It feels like the momentum has run out; should I consider shorting and testing the waters?
This kind of high-level consolidation pattern has a real possibility of breaking downward. I’ve already opened a 10U short position, betting on a pullback. Honestly, if this coin called play really experiences a sharp drop, it would be fitting for its temperament.
Risk management is still important; I set my stop loss at a 1U loss, and I’ll exit when it hits that point. After all, the market changes in an instant, and staying alive is more important than anything else.
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Playing this wave of the market is quite interesting. Yesterday, it surged straight up by 100%, and I thought it would continue to push higher, but today it just stayed in the same place, unmoving. It feels like the momentum has run out; should I consider shorting and testing the waters?
This kind of high-level consolidation pattern has a real possibility of breaking downward. I’ve already opened a 10U short position, betting on a pullback. Honestly, if this coin called play really experiences a sharp drop, it would be fitting for its temperament.
Risk management is still important; I set my stop loss at a 1U loss, and I’ll exit when it hits that point. After all, the market changes in an instant, and staying alive is more important than anything else.