$ONE ;THE MARKET DOESN'T OWE YOU A RETRACEMENT! 🤣
There was a time when my trading strategy was practically based on hope.
I would see a coin like $ONE pumping and immediately think:
"That's too high. It must retrace."
"There's a huge rug pull coming."
"Nobody can keep buying at these prices."
"Let me open a short before it collapses."
And then the market would do the exact opposite. 😂
Price kept climbing, my short position kept bleeding, and I kept waiting for that beautiful red candle that somehow never arrived.
$ONE is today's reminder.
Look at that move! From approximately $0.001027 to $0.002114 on the 4H chart. Over 37% up in 24 hours.
At some point, short sellers must have started questioning their life decisions. 🤣
But jokes aside, there's a serious lesson here:
A coin being expensive doesn't automatically make it a good short.
A strong rally can continue much longer than your prediction can remain profitable.
Instead of predicting a reversal simply because price has gone up, wait for actual evidence:
- A liquidity sweep followed by rejection.
- A bearish CHOCH or BOS.
- A failed breakout and loss of demand.
- Clear confirmation that buyers are losing control.
What's next for ONE?
Price is approaching the $0.002114 resistance area. A clean breakout and sustained acceptance above it could open the door to further upside.
On the other hand, rejection followed by a structural breakdown could invite a deeper retracement.
I'm not saying #ONE cannot dump. I'm saying I no longer short simply because I think it should dump.
I've paid enough tuition to the market. 😂
LESSON: Trade #priceaction , not your expectations. The market doesn't care what you think is too high.
Remember, we don't Short/sell a leading gainer, I always sing that until it will get stuck into your brains.
What's your most expensive lesson from shorting a coin that just refused to come down?
#JobsReportRaisesHikeOdds
#CPITestsDecemberRateOutlook
There was a time when my trading strategy was practically based on hope.
I would see a coin like $ONE pumping and immediately think:
"That's too high. It must retrace."
"There's a huge rug pull coming."
"Nobody can keep buying at these prices."
"Let me open a short before it collapses."
And then the market would do the exact opposite. 😂
Price kept climbing, my short position kept bleeding, and I kept waiting for that beautiful red candle that somehow never arrived.
$ONE is today's reminder.
Look at that move! From approximately $0.001027 to $0.002114 on the 4H chart. Over 37% up in 24 hours.
At some point, short sellers must have started questioning their life decisions. 🤣
But jokes aside, there's a serious lesson here:
A coin being expensive doesn't automatically make it a good short.
A strong rally can continue much longer than your prediction can remain profitable.
Instead of predicting a reversal simply because price has gone up, wait for actual evidence:
- A liquidity sweep followed by rejection.
- A bearish CHOCH or BOS.
- A failed breakout and loss of demand.
- Clear confirmation that buyers are losing control.
What's next for ONE?
Price is approaching the $0.002114 resistance area. A clean breakout and sustained acceptance above it could open the door to further upside.
On the other hand, rejection followed by a structural breakdown could invite a deeper retracement.
I'm not saying #ONE cannot dump. I'm saying I no longer short simply because I think it should dump.
I've paid enough tuition to the market. 😂
LESSON: Trade #priceaction , not your expectations. The market doesn't care what you think is too high.
Remember, we don't Short/sell a leading gainer, I always sing that until it will get stuck into your brains.
What's your most expensive lesson from shorting a coin that just refused to come down?
#JobsReportRaisesHikeOdds
#CPITestsDecemberRateOutlook
