This short position on $SKHYNIX , honestly, wasn't smooth from the start. It topped out repeatedly at a high level, and many were still waiting for it to push higher, but I felt the position was barely holding on. The earlier rally in SKHYNIX was too sharp—the stronger it looks, the more likely a pullback is hiding.



I was watching the resistance reaction around 1737.4, not shorting just because it dropped. The real change came when it stopped consolidating—buying couldn't keep up, and the bounces got shorter. I've seen that feeling before: bustling on the surface, but already starting to loosen from within.

Later, from 1737.4 down to 1531.3, the short position paid off cleanly, with a return showing +290.6%. There were some bounces in between, but I didn't rush to close everything—first, I reduced the risk, and let the market play out the rest.

Now it's simple: protect the profits first, and don't get carried away just because one trade went well. The worst thing in a downtrend is chasing the tail end—miss it, and wait for the next clear signal.

$BTC $ETH
SKHYNIX10.37%
BTC1.91%
ETH0.97%
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