This short position has finally paid off. When $INJ came down from the high, many were waiting for a retrace, but I was watching for the continuation after the pressure.



Entering around 4.849, the chart wasn't smooth — the back-and-forth was annoying. But what really caught my attention was that each bounce was weaker than the last. INJ couldn't hold above, indicating that the initiative was no longer in the bulls' hands. Now the price has hit 4.664, with an open position profit of +184.72%. The move has been very direct.

This kind of downside profit isn't about jumping in when you see green. You need to be alert when higher highs are no longer being made and volume isn't keeping up. Many hesitate because they're afraid of a sudden reversal. But trading sometimes requires recognizing structure, not emotions.

On my end, I'm handling it with an 80/20 approach — first taking profit on most of the position, then letting a small portion run with a protective stop to watch for further extension. If you missed it, don't rush. Don't chase long or short. Wait for the next more comfortable entry.

$BTC $ETH
INJ4.45%
BTC-1.27%
ETH-0.84%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned