Must-read for retail investors! $UNI short position made a profit of 7100 dollars!
This time, the $UNI short position really captured the market trend, achieving a profit of 7104.78U with 20x leverage. I entered at $9.72 and exited at $8.54. Although the price of the coin dropped by about 12%, reasonable use of leverage amplified the gains.
The decision to short was mainly based on three judgments: UNI formed a clear resistance zone around $9.7, showing signs of weakening after multiple unsuccessful attempts to break through; the proposal for Uniswap V3 fee distribution has been postponed again, weakening the confidence of holders.
Only layout at key resistance levels, never chase high or sell low; keep leverage within 20x, and reserve ample margin;
Adopt a partial profit-taking strategy, having closed half of this position at $8.5, with the remaining part set to a trailing stop to protect profits.
Regarding future trends, I believe if UNI breaks below the support at $8.3 with volume, it may further dip into the $7.5 range. However, there is always uncertainty in the market, locking in profits in a timely manner is the wise move.
Top-flow news, top-flow layout, the same opportunity, the same increase, follow to reap the benefits, the strategy continues, guessing is not as good as focusing on grasping. (Join the chatroom below to get in.)