The position I was watching earlier has given the answer today. This round of decline in $CGPT did not happen suddenly. The resistance at highs was already written on the chart, but many were still stuck in rebound expectations, unwilling to admit that buying pressure had weakened.

What I’m watching is 0.03778. As long as this level holds, the short thesis remains valid. Every subsequent price pullback was rejected, indicating that the selling pressure above has not dispersed. The real change is that key levels are being constantly refreshed. This level is crucial—once the direction is clear, don’t let small bounces scare you out, and don’t add positions randomly before confirmation.

The price has now reached 0.01819, with the position showing a gain of +2499.67%. The trend extension is obvious. Once profits are in hand, stay calm. For heavy positions, consider an 80/20 partial take-profit to lock in gains first, then let the remaining portion ride with a protective stop, preventing a good trade from turning into an emotional one.

If you missed it, don’t chase the sharp drop. The more you try to catch a falling knife, the more chaotic it gets. Don’t chase; wait for the next opportunity.

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