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$VELVET As for this short position wave, honestly I didn’t even expect it to drop this deep. When it was around 0.86, I saw it spike up and then come back down; the volume couldn’t keep up—classic fake breakout. At that moment, my heart sank and I felt like it was over, so I promptly closed a 10x short.
From 0.86 down to 0.52, a return of over 650% is definitely tasty. But during that time, I was staring at the chart a lot too. These kinds of meme coins are most afraid of a sudden long bullish candle that punctures through the short positions—if you don’t have a strong heart, you really can’t play it.
Many people ask me why I dared to hold for so long. Honestly, there’s no big secret. I just set a breakeven stop-loss, and then let the profits run for a while. A 10x leverage isn’t too high—if the trend doesn’t break, I’ll just hold on. But then again, once you’ve made enough, you have to withdraw. Don’t always think about selling at the absolute lowest point—taking profit and securing gains is the real gold and silver.#美元触及三个月低点
$VELVET As for this short position wave, honestly I didn’t even expect it to drop this deep. When it was around 0.86, I saw it spike up and then come back down; the volume couldn’t keep up—classic fake breakout. At that moment, my heart sank and I felt like it was over, so I promptly closed a 10x short.
From 0.86 down to 0.52, a return of over 650% is definitely tasty. But during that time, I was staring at the chart a lot too. These kinds of meme coins are most afraid of a sudden long bullish candle that punctures through the short positions—if you don’t have a strong heart, you really can’t play it.
Many people ask me why I dared to hold for so long. Honestly, there’s no big secret. I just set a breakeven stop-loss, and then let the profits run for a while. A 10x leverage isn’t too high—if the trend doesn’t break, I’ll just hold on. But then again, once you’ve made enough, you have to withdraw. Don’t always think about selling at the absolute lowest point—taking profit and securing gains is the real gold and silver.#美元触及三个月低点