After this round of liquidation just now, the chart’s feel is way too familiar. $CGPT at the high first pretended to stay steady, then a single downward push-blow sent everyone who was hesitating into a daze. Many who chased the long side hadn’t even reacted, while the shorts were already starting to cash out.

I entered this trade around 0.02421. Earlier I had already noticed that this level’s bounce didn’t follow through, and the key level also wasn’t firm. The real key wasn’t the first drop—it was the second breakdown after an unsuccessful rebound. At that moment, the structure clearly changed. Now the price is at 0.01924, and the unrealized P&L shows +992.59%, with much more room for volatility opening up.

I won’t act calm at a time like this—if I make money, then it’s made—but I also can’t let profit turn into just paper excitement. My approach is to take profit in batches first; then I’ll keep the remaining position with a protective level, and if it can extend, I’ll stay in—if it can’t, I’ll exit.

If you don’t have a position, don’t get tempted by the drop to want to jump in. Don’t chase, and don’t chase after a sharp selloff either. Waiting for the next opportunity matters more.

$BTC $ETH