This short position finally paid off. When $DOT dropped from the high, the market gave a very decisive move.

Earlier, many were waiting for a rebound to continue pushing up. At that time, I was not focusing on whether it would rise, but whether it would continue to fail on volume after encountering resistance above.

My short entry was at 1.280, and now the price has come to 0.862, with current profit at +2317.14%. To put it bluntly, this wave was not about chasing the drop, but seeing that the top was repeatedly unable to break through, and the structure had clearly changed, before I dared to hold the bearish view.

What really confirmed it for me was that weak rebound—the price printed an upper wick but failed to follow through, short-term funds started to exit, and the subsequent breakdown was smooth. Many were still hesitating at the time, thinking it was just a washout, but the key is right here: the more it looks like it's about to pump, the easier it is to trap those chasing longs at the high.

Now that profits have been realized, those with heavy positions can consider an 80/20 batch processing approach: lock in part first, and keep a protective stop on the rest to continue watching for extension. Those who haven't entered yet, don't rush—the space created by the drop is not for chasing; wait for the next more comfortable setup before moving.

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