Hey guys, I’m LONG on $Q now.
After taking that massive loss on the short, I had to stop looking at what I wanted the chart to do and start looking at what it was actually doing.
I closed the short around a $10,500 loss, and yeah, that one hurt.
But I don’t want to keep fighting a trend just because I’m already emotionally attached to the old idea.
Because $Q has pushed above its previous high, momentum is still strong, and once price starts trading above the old range, shorts can get squeezed very fast because there’s not much clean structure sitting above.
So I’ve taken a small long here with a target around $0.08.
And just to be clear, I’m not telling you to follow me into this trade.
I’m only sharing my current position and what I’m doing after taking a big loss on this coin.
Right now, I’d rather adjust to the chart than stay stubborn just to prove the first idea was right.
After taking that massive loss on the short, I had to stop looking at what I wanted the chart to do and start looking at what it was actually doing.
I closed the short around a $10,500 loss, and yeah, that one hurt.
But I don’t want to keep fighting a trend just because I’m already emotionally attached to the old idea.
Because $Q has pushed above its previous high, momentum is still strong, and once price starts trading above the old range, shorts can get squeezed very fast because there’s not much clean structure sitting above.
So I’ve taken a small long here with a target around $0.08.
And just to be clear, I’m not telling you to follow me into this trade.
I’m only sharing my current position and what I’m doing after taking a big loss on this coin.
Right now, I’d rather adjust to the chart than stay stubborn just to prove the first idea was right.