This drop looks a lot like a typical "sweep and then move." $XAG was grinding at highs earlier, and many thought it would keep rushing up, but then one retracement broke the rhythm directly. After panic came out, the direction became clear instead.

I took my short position around 68.59. I had noticed earlier that the retrace at this level was very weak, especially after the upper shadow appeared, the support was clearly not keeping up. The price is now at 61.06, showing a profit of +1020.52%, and the market space has been released quite cleanly.

The key is right here: the more people are unwilling to leave at highs, the easier it is for the market to give a reverse punishment. During the decline, don't be scared out by short-term bounces, and don't lose discipline due to expanding unrealized profits. I will first take profit with an 80/20 rule, and lock the remaining part with a protection level. If it can extend, continue to watch; if not, I'll accept it.

Those who didn't participate, don't rush to chase shorts. Profits have already been realized at the current position. Wait for the next opportunity to be more stable.

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