This wave of short positions has finally paid off. When $DOT pressed down from the high, the market’s feel was already very obvious. Many people were still watching the rebound at the time, thinking it was just a normal pullback, but what I was watching wasn’t that line—it was the counter-trend bounce getting weaker and weaker.

I’d already noticed this level earlier. After selling pressure around 1.280, the buy side couldn’t hold, and the short-side momentum started to take over. Now the price is at 0.833, and the ROE on this position has already reached +2477.9%. The room in the move has been released pretty decisively.

What truly confirmed it for me was that the second counter-trend rally didn’t break above the previous high. If it had still managed to push up there, I would have directly admitted that the momentum hadn’t played out. But it didn’t give that chance—instead, it kept getting smashed downward, which shows the funds are pushing in the direction of the shorts.

For anyone holding positions, here I’m more inclined to protect 80% of the profit first, and then keep the remaining 20% with a protective stop to watch for further extension. Don’t let the profit you already have get shaken back out. If you didn’t catch it, don’t worry—don’t chase the trade. Wait for the next more comfortable level to make your move.

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