I’m fairly decisive about holding these $LINK short positions this round, because the selling pressure above is too obvious. Several times the price tried to push higher, but it never really managed to hold. From the order book, it feels like funds are gradually withdrawing from high levels—not a healthy rally.

My entry is at 9.420, and the current price is 7.953, with current profit +1105%. From the entry price to the current price, this decline has unfolded very smoothly. Once the market’s room is released, the short side’s pace becomes clear.

At first, many people were still waiting for a breakout, and even thought that a pullback was an opportunity to get in. But things here aren’t right anymore. What truly confirmed it for me is that the rebounds have been getting shorter and shorter, while the sell pressure keeps getting heavier—indicating that control has already flipped. If you’re in profit, don’t get greedy and forget to protect it. Handling it in 80/20 batches is more appropriate: take profit on the main position first, and let the rest continue with a break-even stop-loss to watch for possible extension.

You don’t have to capture every segment all the way. If you can grab the key momentum, that’s enough. If you miss this move, don’t chase a lower price—wait for a more comfortable level, and only act again when the next signal is clear.

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