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This short momentum has played out. $LINK didn’t give much time for hesitation. Once the highs can’t suppress human greed, the price starts releasing downward.
My entry position was at 9.750. At that time, I wasn’t focusing on a single candlestick, but on the fact that consecutive bounces didn’t produce new strength. This was already off. The buying pressure became weaker the more it chased, making it smoother to sell off. Now the current price is at 7.84, this trade shows a gain of +1390.72%, and the volatility range has opened up quite nicely.
This type of market is most likely to make people err: afraid to short when it drops, wanting to go long on a pullback. The key in trading is not how loudly you shout, but not to be soft when it’s time to execute. After the profit comes out, handle it in an 80/20 batch, and set a protective stop for the remaining position.
Those who missed out don’t need to rush. Don’t chase trades. Wait for the next confirmed opportunity.
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