This short position has finally paid off. $LINK has been suppressed from the high, and the chart gave a clean break.



This time, I wasn't watching a single bearish candle, but the pressure after repeated failures to break above. Many were still waiting for a retrace to continue higher. What really caught my attention was the lack of volume — each time price went up, it got smacked back down. Something was off.

The short was entered around 9.750, and now at 7.623, floating profit is already +1547.92%. This move wasn't about guessing direction — it was about the high-level structure loosening and following key levels. The market released the move quite directly.

For those currently holding positions, I personally lean toward an 80/20 split — take most profits off the table, and let the rest ride with a protective stop. Don't get carried away just because you've made some profit. The worst thing for short profits is to have them swallowed by a bounce.

If you haven't entered yet, don't rush. Don't chase shorts at the current level. Wait for the next retrace to offer a better entry.

$BTC $ETH
LINK2.40%
BTC1.55%
ETH1.36%
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