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This short position finally paid off. $BNB lingered at high levels for too long, and the longer it lingered, the more it looked like distribution. I'm not making excuses after the fact; what really caught my attention at the time was that the bounces couldn't break through, and volume couldn't keep up. That level was already off.
I entered a short position referencing 653.20. During the process, there were several frightening pullbacks. Many people started to doubt the direction as soon as they saw the price pull back. But this is the key point: a weak market doesn't mean no bounces; instead, the bounces provide better confirmation for shorts.
Now the price has reached 564.55, with floating profit at +964.06%. The market space has been released quite cleanly. For those with larger positions, you can follow an 80/20 split: take some profits first, and keep a small position with a stop-loss to continue watching for extension. Don't let the profits in hand be eaten away by a single pullback.
This move wasn't based on guessing; it was about waiting for the structure to loosen and then following the rhythm. For those who haven't gotten in, don't rush. Don't chase the entry, and don't chase shorts either. Wait for the next more comfortable position to act.
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