The initial rebound looked quite fierce, but on closer inspection, it’s clear that there is significant pressure/resistance overhead. Every time the price tries to push upward, it gets quickly knocked back down.

In my review, the key isn’t how much it fell, but the process from 0.08575 to 0.07171. $DOGE didn’t give the bulls much breathing room, and the weakness continued quite clearly.

Right now, the return on this short position is +1516.6%. There were also fluctuations in the middle, but as long as the structure doesn’t change, I won’t let a few minor counter-rallies affect my judgment.

The 80/20 handling is mostly about protecting the trading rhythm; the protective/defense level also needs to follow the market. Don’t chase the decline you missed. For positions that are already in place, the focus is not to hand the initiative/control over to the other side.

$BTC $ETH