Let's review this trade. $LINK went from a high-level consolidation to a breakdown and downward pressure. The rhythm was actually very clear, but there was too much noise in the process. Earlier, everyone was watching for a rebound. I was more concerned about whether it could stabilize after the rebound. The market's answer was cold.

After shorting around 9.420, I didn't rush to watch short-term fluctuations. The key is here: as long as the pullback cannot hold above that level, the bearish structure remains. Later, the price was pushed all the way down to 7.729. Current profit is +1273.73%. A portion of the market space has been realized.

This kind of decline profit tests execution the most. When opening a position, you're afraid of making a mistake. When profitable, you're afraid of not taking enough. The market specifically harvests this kind of wavering. My approach is simple: first regain the initiative, take partial profit, set a protective stop on the remaining position, and see if it can continue to extend downward.

Now, don't chase blindly just because you see profits. If you missed it, don't chase. Wait patiently for a more comfortable position before acting.

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