This short on ALPINE went relatively smoothly, with floating profits close to doubling. At that time, I noticed the daily chart was rebounding without volume, and it couldn't be pushed up any further given the backdrop of high volatility in the market, so I thought it was time to short.
I opened near 1.597, and now the price is close to 1.0. I didn't guess the bottom; I just followed the structure. I've kept my position steady without adding randomly, setting a trailing stop to let it go down on its own.
Actually, in this kind of market, there's no need to predict how much it can drop; the key is to see clearly whether the momentum is still there. A rebound is not a reversal, so don’t panic at the first sign of an increase. Pay more attention to those coins that rebound weakly and have insufficient volume; they actually present opportunities.
This trade worked out, partly because of a good entry point and partly due to favorable market conditions. In a bull market, don’t only think about going long; in a sideways market, opportunities are two-sided, provided that risk control is maintained. #ALPIN
