Many people are still waiting for a $CGPT pullback bounce, but the order book directly gave the shorts the answer.



I was watching this very clearly: after CGPT pushed up around 0.02421, volume couldn’t keep up, and every time price was pushed higher, it was pushed back down. The key is right here—on the surface there still looks like an upswing, but the structure has already clearly changed; the longs no longer have follow-through, and the shorts are just waiting for confirmation.

I also noted this level earlier. I only chose to follow after it broke down, not guessing the top and not getting jittery in the middle. Now price has hit 0.01928, and the short position is up +980.66%. The extension of the move is obvious. This kind of trade is about timing, not letting emotions take over.

For brothers with heavy exposure, don’t get too greedy—an 80/20 staged take-profit plan is steadier. First, protect the profits, and use the remaining portion with the protection level to bet on upside space. If the later pullback isn’t strong, the shorts may still have further opportunities to keep pressing down.

If you miss it, don’t be in a hurry—don’t chase in just because it’s falling. Wait for the next opportunity, and move when you get a more comfortable level.

$BTC $ETH
CGPT1.42%
BTC0.60%
ETH1.80%
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