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$UB This sell-off looks great. At first, it seemed like it was just grinding around the high end, but in reality, the funds have already started to withdraw. A lot of people only watch whether the price breaks down or not—I care more about whether, during a rebound, someone is willing to keep stepping in and taking the continuation.
I started this short position around 0.21896. After opening, it wasn’t easy. There were also counter-pops in the middle, but every time the price bounced back, it couldn’t go up. This level is crucial. To put it plainly: the rhythm has changed. The key levels overhead are getting closer and closer, while the room below is actually getting easier to hit the more it moves.
Now the chart is at 0.07032, and the position profit shows +1664.87%. The market’s available upside space has already been released fairly sufficiently. If you can catch this leg, it’s because you didn’t get thrown off by short-term fake pull-ups—once the direction is confirmed, you do less and avoid unnecessary moves.
Here, I’ll handle it in batches using an 80/20 approach: first, take the bulk of the profit; keep the remaining position with a protective level. If it can extend further, I’ll keep looking—if it can’t extend, I won’t force it.
If you haven’t entered, don’t chase the tail end of the dump—don’t chase orders. Wait for the next opportunity, and wait for a more comfortable position to appear.
$BTC $ETH