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$CGPT's drop - many people are probably only reacting now.
When it was trading sideways at a high earlier, I felt something was off. There was a lot of buying activity, but the price just couldn't push higher. The longer it ground, the more it looked like distribution.
My on-the-spot judgment was simple:
If it can't go up, it will likely go down.
Short entry from 0.03778, now at 0.0196, current profit +2316.11%. This move wasn't a result of stubbornly holding—it played out following the weak trend.
Some said there would be a strong rebound mid-way, but that only made me more cautious because the pullback lacked sustainability. The higher it bounced, the weaker it got, making the short position even more solid.
This is exactly when the majority's expectations diverge from the structure on the chart.
Now, I'm not being greedy with the position.
First, take profit on 80%, leave the remaining 20% for further observation. If it continues to drop, I'll follow; if it pulls back and reclaims a key zone, I'll exit.
Don't chase it if you missed the entry.
Wait for the next opportunity to show a clear setup.
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