That drop just now finally fulfilled the downtrend rhythm.


The $POWER short order entered at 0.08991, now at 0.07287, with a gain of +368.78%. That breath is finally smoothed out, and those previous fake strengths have basically been shattered.
Many people thought at the time it was just a washout.
But my chart reading is very straightforward: the bounces are getting weaker, while key levels keep being tested. This kind of market isn't strong—it's losing support, and the longer it drags, the easier it will fall.
I didn't get greedy to the end on this trade.
80% of the position has taken profit, and the remaining 80% continues to hold to see if there is any follow-through downside. The stop is placed at an acceptable level. Once profits are secured, you cannot let emotions carry the position.
Actually, I had noticed this level earlier, but there was no need to say it too explicitly.
Now that the space has been released, if you haven't entered, don't rush to chase. The market won't give only one opportunity. Wait until the next clear structure before acting.
$BTC $ETH
POWER5.48%
ETH-0.19%
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