Many were just shouting for a rebound, but I am more convinced that this wave will head lower. After opening a short on $CGPT around 0.02421, the price is now pressed down to 0.01826, with a profit rate of +1187.53%. This move is not a simple pullback; it's the high-level chips starting to loosen.



I had already noticed this level earlier, for a simple reason: the upward momentum was weak, pullbacks became faster, and bounces grew shorter. In plain terms, the rhythm has changed; the chart no longer gives the bulls comfortable room to attack. The more people hesitate, the easier it is for the bears to extend the move.

My focus on this trade is not a momentary thrill, but the post-position management after profit-taking. After profits are taken, an 80/20 split is more stable — first regain the initiative, then leave the remaining position to a protective stop. Let it run if it can continue, but don't give back the profits if it can't.

Now is not suitable for emotional chasing, especially after a significant drop has already occurred. Chasing shorts near the bottom can easily get washed out by a bounce. If you missed it, don't rush; wait for the next more comfortable entry.

$BTC $ETH
CGPT-0.81%
BTC-0.62%
ETH-0.90%
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