$CIFR Down Nearly 40% — A Tough Loss, but the Process Stays the Same
Extremely surprising and honestly the worst-case scenario.
I was not expecting $Cipher Mining Inc.(CIFR)$ to move this far this quickly.
The stock is down nearly 40% from the weekly smart money zone. When trading high-volatility names like this, large moves are always possible, but I was not anticipating this kind of decline in such a short period.
Looking back, I would not have done anything differently.
Price was pulling back into the smart money zone, bounced multiple times from it, and technically, I had to wait for the weekly candle to close.
While it sucks to take the loss, I’m going to roll the position into something else.
Honestly, I would not change anything about how I handled this trade.
Proper entry.
Proper size.
Had to wait for weekly candle closure / confirmation
Markets are always moving - and sometimes, the best move is knowing what works for you.
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