This drop isn’t accidental—$NEAR has already shown weakness on the chart.

When the price at the high kept being unable to keep pushing up, that’s when I started to be alert. Many people only watch that the price is still higher, but they ignore that each rebound is getting lower in height, and the support is getting thinner. The key is right here: around 2.5382, I chose to open a short, and what I’m watching is that the main force won’t keep pushing higher.

Now the price is pressured down to 1.897, and this position’s unrealized profit is +1793.87%. The market’s room has been released faster than expected. To put it plainly, this short isn’t profitable because I wanted it to fall—it’s because the chart itself gave the direction. Once a pullback that goes against expectations is confirmed, you can’t stubbornly hold on with a long-side mindset anymore.

Right now, I’ll first deal with most of the profits, and then keep a small position with a protection level to continue following the plan. If the retracement strength isn’t right, I’ll close it immediately. The most important thing in trading is to stay alive and protect your profits.

If you miss it, you miss it—don’t chase the trade. Wait for the next opportunity.

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