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This short position has finally been realized. The stubbornly high prices during the session today received their answer directly.
After opening a short on $CL at 101.27, I wasn't watching for a single bearish candle, but rather the fact that the pullbacks above could never hold steady. Many people were still waiting for another push up. What really caught my attention was that every time it surged, it was pushed back down, and the structure clearly changed.
Now the price has hit 69.3, with the position P&L at +2932.77%. This isn't luck; it's the release of space after high-level resistance. To put it bluntly, the more hesitant the bulls were earlier, the more decisive the drop became.
I will first protect the profits, preferring to handle it in batches of 80/20. The remaining positions will have stop-loss protection in place to continue watching for extension, so as not to let the gains slip away.
For those who haven't entered yet, don't rush. After a drop, the biggest risk is emotional chasing. Do not chase, do not try to catch the bottom; wait for a more comfortable position to act next time.
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