This short position has finally paid off. $RUNE dropped sharply from the high, and the market action was very straightforward. Earlier, many were still waiting for a rebound to continue the rally. At that time, I wasn't focused on whether it would go up or not, but rather on whether after the top-side pressure, there would be a failure to continue with increasing volume.



My short entry was at 0.4544, now the price has come to 0.3899, current profit is +683.58%. Simply put, this trade wasn't about chasing the drop; it was about seeing the top repeatedly unable to break through, the structure clearly changed, so I dared to hold the short bias.

What really confirmed it for me was that weak rebound; the price formed an upper wick but didn't get any follow-through, short-term funds started to withdraw, and then the breakdown followed smoothly. Many were still hesitating at the time, thinking it was just a washout, but the key is right here: the more it looks like it's about to pump, the easier it traps those chasing longs at the high.

Now profits have been realized. Those with heavy positions can consider a 80/20 batch handling, lock in some first, and keep protective stops on the rest to continue watching for extension. If you haven't entered yet, don't rush. The space created by the drop is not for chasing; wait for the next more comfortable entry point.

$BTC $ETH
RUNE4.06%
BTC1.16%
ETH0.63%
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
  • Pinned