$CIFR Down Another 40% Since We Exited
$Cipher Mining Inc.(CIFR)$ has fallen another 40% since we cut our position a few weeks ago.
The stock broke short-term support, so we closed the trade.
As I always say, being wrong is part of trading. Bag-holding is a choice.
That's why risk management matters. You don't have to get every call right, but you do have to know when to walk away.
Now here's the interesting part.
$CIFR is down approximately 80% from its high and has entered what looks like an attractive long-term buying zone for investors with a 2–3 year time horizon.
If I had strong fundamental conviction in this company, I would be looking closely at this level.
I'm not buying right now. I'll be tracking $CIFR over the next couple of months and watching how price behaves in this zone.
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