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This short trade was profitable, one of the more decisive intraday calls on the spot.
$LINK At that time, resistance was clearly overhead, and the price tried several times to break through but failed. The more I looked, the more it seemed like the bulls were just holding on.
Core judgment: This wasn't strength — it was exhaustion from holding too long.
I opened a short near 9.750. After entering, I didn't adjust the position frequently, only watching the strength of the counter-rally.
Many people see a small bounce and think it's a reversal, but what I saw was the bounces getting shorter and the selling starting to take over the rhythm.
Now the price has moved to 7.936, and the short position has realized a gain of +1323.77%.
At this level, I'll hold steady first; 80% of the take-profit has been executed, and the remaining 20% is still being observed.
The protective stop is being tightened accordingly to prevent a sudden snap-back from disrupting the profits.
To be honest, chasing after the drop isn't as comfortable.
Those who missed it should just watch and wait for the next time the structure reopens.
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