The high-level pressure we were watching earlier has finally given an answer today. This move in $LINK is not an ordinary pullback, but an active sell-off after consecutive failed attempts by the bulls.

At that time, I was watching the 9.420 area. The price repeatedly failed to break above, the order book became weaker, the upward moves lacked sustainability, and the declines got faster each time. Many were still hesitating at that moment, wondering if it was a washout before another rise. But the key point is right here: the structure has clearly changed. A strong trend wouldn't exhaust its power this repeatedly.

Now it has hit 7.616. This short position has a return of +1358.85%, and the trend extension is obvious. There have been pullbacks in between, but each rebound got lower and lower. This is exactly the rhythm shorts love—the more you hesitate, the easier you get dragged down.

I am handling it in batches of 80/20 for now—taking the majority of profit first, leaving the remaining position with a stop-loss, giving it a bit more room to play out. When profiting from a decline, you need to stay calm even more. Don't lose your rhythm because of a single red candle. Don't chase missed opportunities; wait for the next cleaner one.

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