When this leg of the sell-off played out, honestly, it wasn’t surprising at all. $LUNC kept failing to break through the prior high levels repeatedly, and it already showed weakness on the chart.

I opened a short around 0.00008156. It wasn’t a straight line down after entering—there were a few sharp countertrend bounces that were pretty scary. Back then, many people would have been shaken out. But the key here is that the bounces lacked volume, and the price didn’t reclaim the levels. That indicates it was just shaking out the people chasing entries. Now the price is pressured down to 0.00005881, with a profit of +1979.2%. The room this move provided has basically been fully delivered.

Trading doesn’t have to be hyped up every time. If you can read resistance, and execute after the signal is confirmed, profits will naturally come back. For those with big positions now, don’t let winning turn into emotional chips. Take profit in batches, move your protective stop up—take it when it’s time to take it.

I’ll continue to keep a small portion here for observation of possible extension. I won’t chase any orders, and I won’t randomly add after a fast sell-off. I’ll wait for the next spot where the certainty is stronger.

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