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This short position has finally been realized. When $CTR came down from its high, the market was no longer a simple pullback; the bulls couldn't hold it anymore.
At that time, I was watching the strength of the pullback around 0.02080. The price surged but couldn't continue with volume; instead, it started to have frequent upper shadows, indicating heavy selling pressure overhead. Many were still waiting for another rally, but my judgment was that the rhythm had changed, so I didn't hesitate to take the short.
Now 0.01088 has been reached, with +938.1% in hand. The price movement has been relatively clean. What really matters is not the drop itself, but the failure to quickly recover after the high-level pressure. Once this structure is confirmed, the short extension becomes more comfortable.
For those with positions, you can handle part of it in batches at 80/20, and keep the rest with a protective stop to continue watching. Don't let profits retrace too much. Those who didn't follow shouldn't force a chase; chasing after a drop makes it easy to get washed out by a rebound. Wait for the next more comfortable entry.
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