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$CL's drop in this segment was very straightforward. Those who hesitated earlier are still asking if it can bounce back, but the market has already thrown out the answer.
I entered this short position around 88.09. I didn't chase after seeing the drop; instead, I felt the structure had clearly changed while it was still consolidating at highs. What really caught my attention was that the upward retracements were getting weaker, and once the price broke below, volume surged, indicating that the bullish defense had loosened. After the price reached 70.57, the shorts' profit-taking accelerated. This kind of market condition truly tests one's ability to hold positions.
Currently at +1846.71% profit, but after the profit is realized, one should be even more calm. Those with large positions can consider the 80/20 batch processing: first take the main part, then use a protective stop to maintain the trend for the remainder. Don't let a single retracement disrupt your mindset. This position is not suitable for emotional adding; it's good enough to have taken profit.
Market moves happen every day, but good entry points don't come every day. If you haven't entered, don't chase; wait for the next opportunity, wait for a more comfortable position to strike.
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