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The high level I had been watching came under pressure upfront—today it finally delivered the answer. This pullback in $CL isn’t ordinary, choppy movement; the shorts’ timing has been executed for real.
Back then, what I was focusing on was the repeated suppression around 101.27. The price tried to push higher several times, but it never managed to hold. The moment the order book thinned out, I knew something wasn’t right. A lot of people were still hesitating about whether to take the rebound, but what I cared about more was that the sell pressure above kept getting heavier and heavier. The push upward didn’t continue—instead, the pullback was getting smoother and smoother.
Now the current price is 71.47. This short position’s return rate is +2734.5%, and the move is clearly extending. What I fear most during a downturn isn’t that it drops slowly—it’s when it drops and then gets pulled back up. But this rebound is weak, which shows that the initiative is no longer in the hands of the bulls.
On my side, I’ll do 80/20 in batches first. I’ll take the main profit first, and use the remaining portion to hold at protective levels. If it can keep running, let it run; if it can’t go any further, don’t be greedy.
Don’t worry if you missed it, don’t chase the trade, and don’t randomly add when emotions are at their most frantic. Wait for the next opportunity, and wait for a more comfortable position.
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