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Bottoming out successfully, the Big Cake hits 7500 points for profit-taking
As everyone knows, if you want to capture a big range, you need enough patience—it’s not something that can be done overnight. Decisiveness and resolve can make you succeed; hesitation only makes you smack your thigh.
During the end of last month, the Big Cake repeatedly probed the bottom but failed to continue lower. Around the early hours of the 3.28, it issued an all-network public bottoming alert directly, giving the Big Cake 658 and 648 to go long in batches. As of now, the Big Cake’s highest point is around 727. When you look at it from a wider perspective, the biggest profit-taking was 7500 points. The Small Cake also had 300 points—another successful swing-trade profit-taking.
There were also earlier swing short strategies; you can refer to the repost. Each time there’s a big range realized over and over again, it only proves one thing: if you’re a swing trader, this is where you’ll find your best destination.