TOWNS 24h -4.6%, but I’m not excited at all.
① If it can’t keep rising, it’s time to step aside; I’m planning to take profit on TOWNS.
② I’m bearish on TOWNS at this level; if 0.002150 can’t be broken, I’ll trim first.
③ Price and volume are a bit diverging, so I choose to step out of TOWNS first.
TOWNS current price is 0.002080, 24h -4.6%, RSI 29.0. I won’t catch a falling knife: first see whether 0.001900 can stop the decline, and only talk after a bullish candle appears with shrinking volume; stop-loss discipline comes first.
Sideways movement is the most exhausting, and it kills the people who move around randomly. Doing nothing is often better than acting blindly; wait for the signal before making a move.
I only act at levels I understand; if I don’t understand, I wait. How do you usually judge a setup like this?
Don’t get excited when it rises, don’t panic when it falls—plan your trade.
#TOWNS #trading diary